30 Day Notice

3235-0413.pdf

Rule 17Ad-16 Notice of assumption or termination of transfer agent services

30 Day Notice

OMB: 3235-0413

Document [pdf]
Download: pdf | pdf
Federal Register / Vol. 87, No. 132 / Tuesday, July 12, 2022 / Notices
The meeting will be held via
remote means and/or at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to
the public.
MATTERS TO BE CONSIDERED:
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
In the event that the time, date, or
location of this meeting changes, an
announcement of the change, along with
the new time, date, and/or place of the
meeting will be posted on the
Commission’s website at https://
www.sec.gov.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3),
(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the
scheduled matters at the closed meeting.
The subject matter of the closed
meeting will consist of the following
topics:
PLACE:

Institution and settlement of injunctive
actions;
Institution and settlement of administrative
proceedings;
Resolution of litigation claims; and
Other matters relating to examinations and
enforcement proceedings.

At times, changes in Commission
priorities require alterations in the
scheduling of meeting agenda items that
may consist of adjudicatory,
examination, litigation, or regulatory
matters.
CONTACT PERSON FOR MORE INFORMATION:
For further information; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
Authority: 5 U.S.C. 552b.
Dated: July 7, 2022.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2022–14859 Filed 7–8–22; 11:15 am]
BILLING CODE 8011–01–P

jspears on DSK121TN23PROD with NOTICES1

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–363, OMB Control No.
3235–0413]

Submission for OMB Review;
Comment Request: Extension: Rule
17Ad–16
Upon Written Request, Copies Available
From: Securities and Exchange

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Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘PRA’’), the
Securities and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the existing collection of
information provided for in Rule 17Ad–
16 (17 CFR 240.17Ad–16) under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 17Ad–16 requires a registered
transfer agent to provide written notice
to the appropriate qualified registered
securities depository when assuming or
terminating transfer agent services on
behalf of an issuer or when changing its
name or address. In addition, transfer
agents that provide such notice shall
maintain such notice for a period of at
least two years in an easily accessible
place. This rule addresses the problem
of certificate transfer delays caused by
transfer requests that are directed to the
wrong transfer agent or the wrong
address.
We estimate that the transfer agent
industry submits approximately 15,917
Rule 17Ad–16 notices to appropriate
qualified registered securities
depositories. The staff estimates that the
average amount of time necessary to
create and submit each notice is
approximately 15 minutes per notice.
Accordingly, the estimated total
industry burden is 3,979.25 hours per
year (15 minutes multiplied by 15,917
notices filed annually).
Because the information needed by
transfer agents to properly notify the
appropriate registered securities
depository is readily available to them
and the report is simple and
straightforward, the cost is relatively
minimal. The average internal
compliance cost to prepare and send a
notice is approximately $86 (15 minutes
at $344 per hour).1 This yields an
industry-wide internal compliance cost
estimate of $1,368,862 (15,917 notices
multiplied by $86 per notice).
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.
1 The estimated hourly wages used in this
analysis were derived from reports prepared by the
Securities Industry and Financial Markets
Association. See Securities Industry and Financial
Markets Association, Office Salaries in the
Securities Industry—2022 (2022), modified to
account for an 1800-hour work year and multiplied
by 5.35 to account for bonuses, firm size, employee
benefits and overhead.

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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 by
August 11, 2022 to (i)
>MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov< and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission, c/
o John Pezzullo, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].
Dated: July 6, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–14747 Filed 7–11–22; 8:45 am]
BILLING CODE 8011–01–P

DEPARTMENT OF STATE
[Public Notice 11760]

60-Day Notice of Proposed Information
Collection: Nonimmigrant Treaty
Trader/Investor Application
Notice of request for public
comment.

ACTION:

The Department of State is
seeking Office of Management and
Budget (OMB) approval for the
information collection described below.
In accordance with the Paperwork
Reduction Act of 1995, we are
requesting comments on this collection
from all interested individuals and
organizations. The purpose of this
notice is to allow 60 days for public
comment preceding submission of the
collection to OMB.
DATES: The Department will accept
comments from the public up to
September 12, 2022.
ADDRESSES: You may submit comments
by any of the following methods:
• Web: Persons with access to the
internet may comment on this notice by
going to www.Regulations.gov. You can
search for the document by entering
‘‘Docket Number: DOS–2022–0014’’ in
the Search field. Then click the
‘‘Comment Now’’ button and complete
the comment form.
• Email: PRA_BurdenComments@
state.gov.
You must include the DS form
number (if applicable), information
collection title, and the OMB control
number in any correspondence.
FOR FURTHER INFORMATION CONTACT:
Direct requests for additional
SUMMARY:

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