Notice2024-29303
Proposed Collection; Comment Request; Extension: Rule 17g-4
Primary source
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Published
December 13, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 240 (Friday, December 13, 2024)</title>
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[Federal Register Volume 89, Number 240 (Friday, December 13, 2024)]
[Notices]
[Page 101080]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-29303]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-566, OMB Control No. 3235-0627]
Proposed Collection; Comment Request; Extension: Rule 17g-4
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 existing
collection of information provided for in Rule 17g-4 (17 CFR 240.17g-4)
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.)
(``Exchange Act''). The Commission plans to submit this existing
collection of information to the Office of Management and Budget for
extension and approval.
Rule 17g-4 contains collection of information requirements.\1\
Specifically, Rule 17g-4 requires each nationally recognized
statistical rating organization (``NRSRO'') to establish, maintain, and
enforce written policies and procedures that are reasonably designed to
prevent the following: (1) the inappropriate dissemination of material
nonpublic information obtained in connection with the performance of
credit rating services; (2) a person within the NRSRO from trading or
otherwise benefiting on material nonpublic information; and (3) the
inappropriate dissemination of a pending credit rating action.
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\1\ See 17 CFR 240.17g-4.
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Currently, there are 10 credit rating agencies registered as NRSROs
with the Commission. Based on staff experience, an NRSRO is estimated
to spend an average of approximately 10 hours per year reviewing
policies and procedures required by Rule 17g-4, updating the policies
and procedures (if necessary), and enforcing them, for a total
industry-wide annual hour burden of approximately 100 hours.\2\
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\2\ 10 hours x 10 NRSROs = 100 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.
Consideration will be given to comments and suggestions submitted by
February 11, 2025.
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 OMB control number. Please direct your written comments
to: Austin Gerig, Director/Chief Data Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg, 100 F St NE, Washington, DC 20549 or
send an email to: <a href="/cdn-cgi/l/email-protection#faaaa8bba5b79b9396989582ba899f99d49d958c"><span class="__cf_email__" data-cfemail="f4a4a6b5abb9959d98969b8cb4879197da939b82">[email protected]</span></a>.
Dated: December 9, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-29303 Filed 12-12-24; 8:45 am]
BILLING CODE 8011-01-P
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