Rule 17Ac2-1, 17 CFR 240.17Ac2-1 and Form TA-1 (Transfer Agent Registration)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SEC 1528 Form TA-1	Form and Instruction	Modified	Available
PRA Supporting Statement Rule 17Ac2-1 and Form TA-1[1].pdf	Supporting Statement A	Uploaded 2012-01-26	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34328	Form TA-1	Form and Instruction	Modified
200188	Rule 17Ac2-1, 17 CFR 240.17Ac2-1 (Transfer Agent Registration) New Registrants		New

ICR Details

OMB Control No: 3235-0084	ICR Reference No: 201111-3235-022
Status: Historical Active	Previous ICR Reference No: 200812-3235-016
Agency/Subagency: SEC	Agency Tracking No: TM-270-95
Title: Rule 17Ac2-1, 17 CFR 240.17Ac2-1 and Form TA-1 (Transfer Agent Registration)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 04/04/2012
	Date Received in OIRA: 01/26/2012
Terms of Clearance: Burden reclassified as change due to agency estimate.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2015	36 Months From Approved	04/30/2012
Responses	190	0	100
Time Burden (Hours)	286	0	150
Cost Burden (Dollars)	750	0	5,000

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Abstract: Rule 17Ac2-1 is used by transfer agents to register with the Commission, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, or the Federal Deposit Insurance Corporation, and to amend their registration.

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Authorizing Statute(s): US Code: 15 USC 78q-1 Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78(a) Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 72459	11/23/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 4062	01/26/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Rule 17Ac2-1, 17 CFR 240.17Ac2-1 (Transfer Agent Registration) New Registrants
Form TA-1	SEC 1528	Form TA-1

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	190	100	0	15	75	0
Annual Time Burden (Hours)	286	150	0	23	113	0
Annual Cost Burden (Dollars)	750	5,000	0	750	-5,000	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Since the previous Paperwork Reduction Act submission to OMB in 2008, the number of new transfer agents registering with the Commission each year has decreased from 25 to 15, and the cost of MS InfoPath software has decreased from approximately $200 to approximately $50, resulting in a decrease in the start-up cost burden to respondents from $5,000 to $750. The total annual reporting time burden has increased from 150 to 286 hours per year due to an increase in the total number of transfer agents that are registered with the Commission.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 01/26/2012

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