30 Day Notice

Federal Register / Vol. 86, No. 161 / Tuesday, August 24, 2021 / Notices
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–NYSEArca–2021–47).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2021–18121 Filed 8–23–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–095, OMB Control No.
3235–0084]

Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736

lotter on DSK11XQN23PROD with NOTICES1

Extension:
Rule 17Ac2–1

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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 17Ac2–1 (17 CFR 240.17Ac2–1),
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).
Rule 17Ac2–1, pursuant to Section
17A(c) of the Exchange Act, generally
requires transfer agents for whom the
Commission is the transfer agent’s
Appropriate Regulatory Agency
(‘‘ARA’’), to file an application for
registration with the Commission on
Form TA–1 and to amend their
registrations under certain
circumstances.
Specifically, Rule 17Ac2–1 requires
transfer agents to file a Form TA–1
application for registration with the
Commission where the Commission is
their ARA. Such transfer agents must
also amend their Form TA–1 if the
existing information on their Form TA–
1 becomes inaccurate, misleading, or
incomplete within 60 days following the
date the information became inaccurate,
misleading or incomplete. Registration
filings on Form TA–1 and amendments
thereto must be filed with the
Commission electronically, absent an
exemption, on EDGAR pursuant to
Regulation S–T (17 CFR 232).
6 17

CFR 200.30–3(a)(31).

VerDate Sep<11>2014

16:43 Aug 23, 2021

Jkt 253001

The Commission annually receives
approximately 199 filings on Form TA–
1 from transfer agents required to
register as such with the Commission.
Included in this figure are
approximately 167 amendments made
annually by transfer agents to their
Form TA–1 as required by Rule 17Ac2–
1(c) to address information that has
become inaccurate, misleading, or
incomplete and approximately 32 new
applications by transfer agents for
registration on Form TA–1 as required
by Rule 17Ac2–1(a). Based on past
submissions, the staff estimates that on
average approximately twelve hours are
required for initial completion of Form
TA–1 and that on average one and onehalf hours are required for an
amendment to Form TA–1 by each such
firm. Thus, the subtotal burden for new
applications for registration filed on
Form TA–1 each year is approximately
384 hours (12 hours times 32 filers =
384) and the subtotal burden for
amendments to Form TA–1 filed each
year is approximately 251 hours (1.5
hours times 167 filers = 250.5 rounded
up to 251). The cumulative total is
approximately 635 burden hours per
year (384 hours plus 251 hours).
Of the approximately 635 hours per
year associated with Rule 17Ac2–1, the
Commission staff estimates that (i) sixty
percent (380.7 hours) are spent by
compliance staff at an estimated hourly
wage of $283, for a total of $107,738.10
per year (380.7 hours × $283 per hour
= $107, 738.10 per year; (ii) forty
percent (253.8 hours) are spent by
attorneys at an estimated hourly wage of
$380, for a total of $96,444 per year
(253.8 hours × $380 per hour = $96,444
per year); and (iii) the total internal cost
of compliance associated with the Rule
is thus approximately $204,182.10 per
year ($107,738.10 in compliance staff
costs + $96,444 in attorney costs =
$204,182.10 per year).
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.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to (i) www.reginfo.gov/public/do/
PRAMain and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission, c/

PO 00000

Frm 00071

Fmt 4703

Sfmt 4703

47351

o Cynthia Roscoe, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].
Dated: August 18, 2021.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2021–18109 Filed 8–23–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–92700; File No. SR–NYSE–
2020–96]

Self-Regulatory Organizations; New
York Stock Exchange LLC; Order
Disapproving a Proposed Rule Change
To Amend Its Rules Establishing
Maximum Fee Rates To Be Charged by
Member Organizations for Forwarding
Proxy and Other Materials to Beneficial
Owners
August 18, 2021.

I. Introduction
On December 2, 2020, New York
Stock Exchange LLC (‘‘NYSE’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
delete the maximum fee rates for
forwarding proxy and other materials to
beneficial owners set forth in NYSE
Rules 451 and 465 and Section 402.10
of the NYSE Listed Company Manual
(‘‘Manual’’), and establish in their place
a requirement for member organizations
to comply with any schedule of
approved charges set forth in the rules
of any other national securities
exchange or association of which such
member organization is a member. The
proposed rule change was published for
comment in the Federal Register on
December 21, 2020.3
On February 1, 2021, pursuant to
Section 19(b)(2) of the Act,4 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to approve or
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 90677
(December 15, 2020), 85 FR 83119 (December 21,
2020) (‘‘Notice’’). Comments received on the
proposal are available on the Commission’s website
at: https://www.sec.gov/comments/sr-nyse-2020-96/
srnyse202096.htm.
4 15 U.S.C. 78s(b)(2).
2 17

E:\FR\FM\24AUN1.SGM

24AUN1