OTS seeks to implement an amendment to
section 3(a)(34) of the Securities Exchange Act of 1934 (the Act),
pursuant to a provision of the Financial Services Regulatory Relief
Act of 2006 (FSRRA), enacted on October 13, 2006. This
implementation would institute the use of the TA-1 form for savings
associations intending to engage in transfer agent
activities.
None
PL: Pub.L. 109 - 351 401 Name of Law:
Financial Services Regulatory Relief Act of 2006
There is no change in the
burden just updating the TA-1 Form to include the OTS. OTS will use
the information to determine whether to allow, deny, accelerate, or
postpone an application. OTS also uses the data to more effectively
schedule and plan transfer agent examinations. The Securities and
Exchange Commission (SEC) maintains complete files on the
registration data of all transfer agents registered pursuant to the
Act. It utilizes the data to identify transfer agents and to
facilitate development of rules and standards applicable to all
registered transfer agents.
No
No
No
Uncollected
No
Uncollected
Judi McCormick 202
906-5636
No
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:
(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;
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.