Rule 17Ac2-1, 17 CFR 240.17Ac2-1 and Form TA-1 (Transfer Agent Registration)

Forms and Documents

Document Name	Status
Form SEC 1528 Form TA-1 Form and Instruction	Modified
Final PRA Supporting Statement for Rule 17Ac2-1 and Form TA-1 (2014) DGL REVISED.pdf Supporting Statement A	2015-04-07

IC Document Collections

IC ID	Document Title	Status
34328	Form TA-1 Form and Instruction	Modified
200188	Rule 17Ac2-1, 17 CFR 240.17Ac2-1 (Transfer Agent Registration) New Registrants	Modified

ICR Details

OMB Control No: 3235-0084	ICR Reference No: 201411-3235-002
Status: Historical Active	Previous ICR Reference No: 201111-3235-022
Agency/Subagency: SEC	Agency Tracking No: TM-270-095
Title: Rule 17Ac2-1, 17 CFR 240.17Ac2-1 and Form TA-1 (Transfer Agent Registration)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/27/2015
	Date Received in OIRA: 04/07/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2018	36 Months From Approved	07/31/2015
Responses	174	0	190
Time Burden (Hours)	366	0	286
Cost Burden (Dollars)	2,400	0	750

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Abstract: Rule 17Ac2-1 requires transfer agents for whom the Commission is the appropriate regulatory agency to file an application for registration on Form TA-1 and to amend Form TA-1 if information has become inaccurate, misleading, or incomplete. Form TA-1 requires transfer agents to provide basic information about their business including contact information, control persons, agency relationships and disciplinary history.

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Authorizing Statute(s): US Code: 15 USC 78(a) Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78q-1 Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 69890	11/24/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 4598	01/28/2015
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Form TA-1	SEC 1528	Form TA-1
Rule 17Ac2-1, 17 CFR 240.17Ac2-1 (Transfer Agent Registration) New Registrants

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ICR Summary of Burden

	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	174	190	0	0	-16	0
Annual Time Burden (Hours)	366	286	0	0	80	0
Annual Cost Burden (Dollars)	2,400	750	0	0	1,650	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Since the previous Paperwork Reduction Act submission to OMB in 2011, the number of new transfer agents registering with the Commission each year has decreased from 15 to 10, and the cost of MS InfoPath software has increased from approximately $50 to $240, resulting in an increase in the start-up cost burden to respondents from $750 to $2,400. The total annual reporting burden has increased from 285 to 366 hours per year. Factors involved in this change include a decrease in the number of new applications for registration on Form TA-1, a decrease in the number of amendments filed to Form TA-1 filings, and revision in the estimate of the hour burden to complete an initial application for registration on Form TA-1.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 04/07/2015

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