Search Results for keywords:"Rule 17Ad-11"

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Search Results: keywords:"Rule 17Ad-11"

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  • 2025-03278 — Submission for OMB Review; Comment Request; Extension: Rule 17Ad-11
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    Type:Notice
    Citation:90 FR 10983
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget to continue collecting information under Rule 17Ad-11. This rule requires transfer agents to report specific discrepancies in securities records and other matters to the SEC and relevant regulatory bodies. The Commission estimates the industry-wide annual time burden is minimal, amounting to about 0.5 hours or a cost of $39 per report. Public comments on the necessity and burden of this information collection are invited until March 31, 2025.

    Simple Explanation

    The SEC wants to keep checking its records with helpers to make sure everything matches and is counted right. They want people to say what they think about how much work it takes to do this until the end of March 2025.

  • 2024-28261 — Proposed Collection; Comment Request; Extension: Rule 17Ad-11
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    Type:Notice
    Citation:89 FR 95842
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the extension of a rule involving information collection from registered recordkeeping transfer agents. This rule, known as Rule 17Ad-11, requires these agents to report discrepancies in security records, particularly when issues with record differences have not been resolved for over 30 days. The SEC estimates that the overall burden on these agents is minimal, with each report taking about 30 minutes to complete. Comments on the necessity and effectiveness of this reporting requirement are welcomed until February 3, 2025.

    Simple Explanation

    The SEC wants people to tell them if they think a rule about reporting mistakes in record-keeping is useful. This helps them decide if fixing mistakes is quick and easy; they’d like to hear from everyone by February 2025.