Notice2024-18169
Proposed Collection; Comment Request; Extension: Rule 15Ga-2 and Form ABS-15G
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
August 14, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 157 (Wednesday, August 14, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 157 (Wednesday, August 14, 2024)]
[Notices]
[Page 66149]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-18169]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-620, OMB Control No. 3235-0675]
Proposed Collection; Comment Request; Extension: Rule 15Ga-2 and
Form ABS-15G
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'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
Rule 15Ga-2 and Form ABS-15G (17 CFR 249.1400) is used for reports
of information required under Rule 15Ga-1 and Rule 15Ga-2 (17 CFR
240.15Ga-1) (17 CFR 240.15Ga-2) of the Exchange Act of 1934 (``Exchange
Act''). Exchange Act Rule 15Ga-1 requires asset-backed securitizers to
provide disclosure regarding fulfilled an unfulfilled repurchase
requests with respect to asset-backed securities. The purpose of the
information collected on Form ABS-15G is to implement the disclosure
requirements of Section 943 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act to provide information regarding the use of
representations and warranties in the asset-backed securities markets.
Rule 15Ga-1 had a one-time reporting requirement that expired on
February 14, 2012. We estimate that approximately 2,007 securitizers
will file Form ABS-15G annually at estimated (19.307 hours) burden
hours per response. In addition, we estimate that 75% of the 19.307
hours per response (14.48 hours) is carried internally by the
securitizers for a total annual reporting burden of 29,061 hours (14.48
hours per response x 2,007 responses).
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden imposed by the 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 in writing within 60
days of this publication by October 15, 2024.
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 control number.
Please direct your written comment to Austin Gerig, Director/Chief
Data Officer, Securities and Exchange Commission, c/o Oluwaseun Ajayi,
100 F Street NE, Washington, DC 20549 or send an email to:
<a href="/cdn-cgi/l/email-protection#742426352b39151d18161b0c340711175a131b02"><span class="__cf_email__" data-cfemail="633331223c2e020a0f010c1b231006004d040c15">[email protected]</span></a>.
Dated: August 9, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-18169 Filed 8-13-24; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on August 14, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.