60 Day Notice

62832

Federal Register / Vol. 88, No. 176 / Wednesday, September 13, 2023 / Notices

Form 10–K (17 CFR 249.310) is filed
by issuers of securities to satisfy their
annual reporting obligations under to
Section 13 or 15(d) of the Exchange Act
(‘‘Exchange Act’’) (15 U.S.C. 78m or
78o(d)). The information provided by
Form 10–K is intended to ensure the
adequacy of information available to
investors and securities markets about
an issuer. Form 10–K takes
approximately 2,249.366 hours per
response to prepare and is filed by
approximately 8,292 respondents. We
estimate that 75% of the approximately
hours per response (1,687.025 hours) is
prepared by the company for an annual
reporting burden of 13,988,811 hours
(1,687.025 hours per response × 8,292
responses).
An agency may conduct or sponsor,
and a person is not required to respond
to, a collection of information unless it
displays a currently valid 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 by October 13, 2023 to (i)
www.reginfo.gov/public/do/PRAMain
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: September 8, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–19791 Filed 9–12–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–096, OMB Control No.
3235–0151]

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Proposed Collection; Comment
Request; Extension: Rule 17Ac3–1(a)
and Form TA–W
Upon Written Request, Copies Available
From: Securities and Exchange
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
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Securities and Exchange Commission

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(‘‘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 17Ac3–1(a) (17 CFR 240.17Ac3–
1(a)) and Form TA–W (17 CFR
249b.101), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.).
Section 17A(c)(4)(B) of the Securities
Exchange Act of 1934 (15 U.S.C.
78c(a)(34)(B) authorizes transfer agents
registered with an appropriate
regulatory agency (‘‘ARA’’) to withdraw
from registration by filing with the ARA
a written notice of withdrawal and by
agreeing to such terms and conditions as
the ARA deems necessary or
appropriate in the public interest, for
the protection of investors, or in the
furtherance of the purposes of Section
17A.
In order to implement Section
17A(c)(4)(B) of the Exchange Act, the
Commission promulgated Rule 17Ac3–
1(a) and accompanying Form TA–W on
September 1, 1977. Rule 17Ac3–1(a)
provides that notice of withdrawal of
registration as a transfer agent with the
Commission shall be filed on Form TA–
W. Form TA–W requires the
withdrawing transfer agent to provide
the Commission with certain
information, including: (1) the locations
where transfer agent activities are or
were performed; (2) the reasons for
ceasing the performance of such
activities; (3) disclosure of unsatisfied
judgments or liens; and (4) information
regarding successor transfer agents.
The Commission uses the information
disclosed on Form TA–W to determine
whether the registered transfer agent
applying for withdrawal from
registration as a transfer agent should be
allowed to deregister and, if so, whether
the Commission should attach to the
granting of the application any terms or
conditions necessary or appropriate in
the public interest, for the protection of
investors, or in furtherance of the
purposes of Section 17A of the
Exchange Act. Without Rule 17Ac3–1(a)
and Form TA–W, transfer agents
registered with the Commission would
not have a means to voluntarily
deregister it is necessary or appropriate
to do so.
On average, respondents have filed
approximately 50 TA-Ws with the
Commission annually from 2020 to
2023. A Form TA–W filing occurs only
once, when a transfer agent is seeking
deregistration. In view of the readily
available information requested by Form
TA–W, its short and simple
presentation, and the Commission’s
experience with the filers, we estimate

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that approximately 30 minutes is
required to complete and file Form TA–
W. Thus, the total annual time burden
to the transfer agent industry is
approximately 25 hours (50 filings × 0.5
hours). We estimate that the internal
labor cost of compliance per filing is
$39 (0.5 hours × $78 average hourly rate
for clerical staff time).1 Thus, the total
internal compliance cost per year is thus
approximately $975 (25 hours x $39 =
$975).
Written comments are invited on: (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information collected; 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 by
November 13, 2023.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
control number.
Please direct your written comments
to: David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
[email protected].
Dated: September 8, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–19789 Filed 9–12–23; 8:45 am]
BILLING CODE 8011–01–P

1 The $78 per hour figure for clerical staff time is
from SIFMA’s Office Salaries in the Securities
Industry 2013, modified by Commission staff to
account for an 1800-hour work-year and inflation,
and multiplied by 2.93 to account for bonuses, firm
size, employee benefits and overhead.

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