Notice2024-29120
Submission for OMB Review; 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
December 11, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 238 (Wednesday, December 11, 2024)</title>
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[Federal Register Volume 89, Number 238 (Wednesday, December 11, 2024)]
[Notices]
[Page 99949]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-29120]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-620, OMB Control No. 3235-0675]
Submission for OMB Review; 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'') has submitted to the Office of Management
and Budget this request for extension of the previously approved
collection of information discussed below.
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.
Form ABS-15G is a collection of information required by Rules 15Ga-
1 and 15Ga-2 under the Exchange Act. For just Rule 15Ga-1, Form ABS-15G
takes approximately 27.2234 hours per response and is filed by
approximately 1,142 respondents. We estimate that 75% of the 27.2234
hours per response (20.4176 hours) is prepared by the filer for a total
annual reporting burden of 23,317 hours (20.4176 hours per response x
1,142 responses).
For just Rule 15Ga-2, Form ABS-15G takes approximately 2.1279 hours
per response and is filed by approximately 864 respondents. We estimate
that 100% of the 2.1279 hours per response (2.1279 hours) is prepared
by the filer for a total annual reporting burden of 1,839 hours (2.1279
hours per response x 864 responses).
Rule 15Ga-1 and Rule 15Ga-2 combined filing on Form ABS-15G we
estimate that approximately 2006 securitizers will file Form ABS-15G
annually at estimated (16.7205 hours) burden hours per response. In
addition, we estimate that 75% of the 16.7205 hours per response
(12.5403 hours) is carried internally by the securitizers for a total
annual reporting burden of 25,156 hours (12.5403 hours per response x
2006 responses).
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.
Public Comment Instructions: The 30-day public comment period for
this information collection request opens on December 12, 2024 and
closes at the end of the day on January 13, 2025. The public may view
the full information request and submit comments at <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202411-3235-012">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202411-3235-012</a> or email
comments to <a href="/cdn-cgi/l/email-protection#034e415b2d4c4e412d4c4a51422d5046405c676670685c6c65656a606671436c6e612d666c732d646c75"><span class="__cf_email__" data-cfemail="78353a205637353a5637312a39562b3d3b271c1d0b1327171e1e111b1d0a3817151a561d1708561f170e">[email protected]</span></a>.
Dated: December 6, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-29120 Filed 12-10-24; 8:45 am]
BILLING CODE 8011-01-P
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