Federal Register, Volume 83 Issue 158 (Wednesday, August 15,
[Federal Register Volume 83, Number 158 (Wednesday, August 15, 2018)]
From the Federal Register Online via the Government Publishing Office [http://www.gpo.gov/]
[FR Doc No: 2018-17487]
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
Rule 17f-1(c) and Form X-17F-1A. SEC File No. 270-29, OMB
Control No. 3235-0037.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 17f-1(c) and Form X-17F-
1A (17 CFR 249.100) under the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.). The Commission plans to submit this existing
collection of information to the Office of Management and Budget
(``OMB'') for extension and approval.
Rule 17f-1(c) requires approximately 10,100 entities in the
securities industry to report lost, stolen, missing, or counterfeit
securities certificates to the Commission or its designee, to a
registered transfer agent for the issue, and, when criminal activity is
suspected, to the Federal Bureau of Investigation. Such entities are
required to use Form X-17F-1A to make such reports. Filing these
reports fulfills a statutory requirement that reporting institutions
report and inquire about missing, lost, counterfeit, or stolen
securities. Since these reports are compiled in a central database, the
rule facilitates reporting institutions to access the database that
stores information for the Lost and Stolen Securities Program.
We estimate that 10,100 reporting institutions will report that
securities are either missing, lost, counterfeit, or stolen annually
and that each reporting institution will submit this report 30 times
each year. The staff estimates that the average amount of time
necessary to comply with Rule 17f-1(c) and Form X-17F-1A is five
minutes. The total burden is approximately 25,250 hours annually for
respondents (10,100 times 30 times 5 divided by 60).
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information on
respondents; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
Rule 17f-1(c) is a reporting rule and does not specify a retention
period. The rule requires an incident-based reporting requirement by
the reporting institutions when securities certificates are discovered
to be missing, lost, counterfeit, or stolen. Registering under Rule
17f-1(c) is mandatory to obtain the benefit of a central database that
stores information about missing, lost, counterfeit, or stolen
securities for the Lost and Stolen Securities Program. Reporting
institutions required to register under Rule 17f-1(c) will not be kept
confidential; however, the Lost and Stolen Securities Program database
will be kept confidential.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o
Candace Kenner, 100 F Street NE, Washington DC 20549, or send an email
to: [email protected].
Dated: August 9, 2018.
Eduardo A. Aleman.
[FR Doc. 2018-17487 Filed 8-14-18; 8:45 am]
BILLING CODE 8011-01-P