Rule 17Ad-10: Accurate Creation and Maintenance of Securityholder Files (17 CFR 240.17Ad-10)

ICR 201604-3235-010

OMB: 3235-0273

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-08-26
IC Document Collections
ICR Details
3235-0273 201604-3235-010
Historical Active 201303-3235-002
SEC TM-270-265
Rule 17Ad-10: Accurate Creation and Maintenance of Securityholder Files (17 CFR 240.17Ad-10)
Extension without change of a currently approved collection   No
Regular
Approved without change 11/24/2016
Retrieve Notice of Action (NOA) 08/26/2016
  Inventory as of this Action Requested Previously Approved
11/30/2019 36 Months From Approved 11/30/2016
413 0 464
33,040 0 37,120
7,434,000 0 8,352,000

Rule 17Ad-10, 17 CFR 240.17Ad-10, under the Securities Exchange Act of 1934, requires a registered transfer agent to create and maintain minimum information on securityholders’ ownership of an issue of securities for which it performs transfer agent functions, including the purchase, transfer and redemption of securities. In addition, the rule also requires transfer agents that maintain securityholder records to keep certificate detail that has been deleted from those records for a minimum of six years and to maintain and keep current an accurate record of the number of shares or principle dollar amount of debt securities that the issuer has authorized to be outstanding (a “control book”). These recordkeeping requirements assist in the creation and maintenance of accurate securityholder records, the ability to research errors, and ensure the transfer agent is aware of the number of securities that are properly authorized by the issuer, thereby avoiding overissuance. Transfer agents are required to establish written standards for the acceptance or rejection of guarantees of securities transfers from eligible guarantor institutions. Transfer agents are also required to establish procedures, including written guidelines where appropriate, to ensure that those standards are used in determining whether to accept or reject guarantees from eligible guarantor institutions.

US Code: 15 USC 78q-1(d) Name of Law: Securities Exchange Act of 1934
  
None

Not associated with rulemaking

  81 FR 26298 05/02/2016
81 FR 44366 07/07/2016
No

1
IC Title Form No. Form Name
Rule 17Ad-10: Accurate Creation and Maintenance of Securityholder Files (17 CFR 240.17Ad-10)

  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 413 464 0 0 -51 0
Annual Time Burden (Hours) 33,040 37,120 0 0 -4,080 0
Annual Cost Burden (Dollars) 7,434,000 8,352,000 0 0 -918,000 0
No
No
The decrease in burden hours from 37,120 total annual industry hours in 2013 to the current 33,040 total annual industry hours (a decrease of 4,080 hours) is due to a decrease in the number of registered transfer agents from 464 in 2013 to 413 currently (a decrease of 51). In addition, the cost burden decrease from $8,352,000 in 2013 to the current $7,434,000 (a decrease of $918,000) is also due to the decrease in the number of registered transfer agents from 464 in 2013 to 413 currently (a decrease of 51).

$5,400
No
No
No
No
No
Uncollected
Elizabeth De Boyrie 202 551-5989

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
08/26/2016


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