Notice2023-23136
Submission for OMB Review; Comment Request; Extension: Rule 17g-1 and Form NRSRO
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 20, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 202 (Friday, October 20, 2023)</title>
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[Federal Register Volume 88, Number 202 (Friday, October 20, 2023)]
[Notices]
[Page 72545]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-23136]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-563, OMB Control No. 3235-0625]
Submission for OMB Review; Comment Request; Extension: Rule 17g-1
and Form NRSRO
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 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``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 17g-
1, Form NRSRO and Instructions to Form NRSRO under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.).\1\
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\1\ See 17 CFR 240.17g-1 and 17 CFR 249b.300.
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Rule 17g-1, Form NRSRO and the Instructions to Form NRSRO contain
certain recordkeeping and disclosure requirements for NRSROs.
Currently, there are 10 credit rating agencies registered as NRSROs
with the Commission. Based on staff experience, the Commission
estimates that the revised ongoing annual burden for respondents to
comply with Rule 17g-1 and Form NRSRO is 2,750 hours.\2\ In addition,
the Commission estimates an industry-wide annual external cost to
NRSROs of $4,000 to comply with the requirements.
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\2\ 10 currently registered NRSROs x 275 hours = 2,750 hours
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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 on
respondents; 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.
The Commission may not conduct or sponsor a collection of
information unless it displays a currently valid control number. No
person shall be subject to any penalty for failing to comply with a
collection of information subject to the PRA that does not display a
valid Office of Management and Budget (OMB) control number.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. 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 November 20, 2023 to (i) <a href="/cdn-cgi/l/email-protection#bbf6f9e395f4f6f995f4f2e9fa95e8fef8e4dfdec8d0e4d4ddddd2d8dec9fbd4d6d995ded4cb95dcd4cd"><span class="__cf_email__" data-cfemail="81ccc3d9afceccc3afcec8d3c0afd2c4c2dee5e4f2eadeeee7e7e8e2e4f3c1eeece3afe4eef1afe6eef7">[email protected]</span></a>
and (ii) Dave Bottom, Director/Chief Information Officer, Securities
and Exchange Commission, c/o John Pezzullo, 100 F St NE, Washington, DC
20549 or send an email to: <a href="/cdn-cgi/l/email-protection#c9999b889684a8a0a5aba6b189baacaae7aea6bf"><span class="__cf_email__" data-cfemail="104042514f5d71797c727f68506375733e777f66">[email protected]</span></a>.
Dated: October 16, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-23136 Filed 10-19-23; 8:45 am]
BILLING CODE 8011-01-P
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