Notice2025-03079
Submission for OMB Review; Comment Request; Extension: Rule 17g-4
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
February 26, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 37 (Wednesday, February 26, 2025)</title>
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[Federal Register Volume 90, Number 37 (Wednesday, February 26, 2025)]
[Notices]
[Page 10745]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03079]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-566, OMB Control No. 3235-0627]
Submission for OMB Review; 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 collection of
information summarized below. The Commission plans to submit an
extension for this current collection of information to the Office of
Management and Budget for approval.
Rule 17g-4 (17 CFR 240.17g-4) requires each nationally recognized
statistical rating organization (``NRSROs'') 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.\1\
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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 Commission staff's experience, it is
estimated that an NRSRO will 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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An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
The public may view and comment on this information collection at
the following website: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202411-3235-004">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202411-3235-004</a> or send an email comment to
<a href="/cdn-cgi/l/email-protection#f7bab5afd9b8bab5d9b8bea5b6d9a4b2b4a89392849ca89891919e949285b7989a95d9929887d9909881"><span class="__cf_email__" data-cfemail="9cd1dec4b2d3d1deb2d3d5ceddb2cfd9dfc3f8f9eff7c3f3fafaf5fff9eedcf3f1feb2f9f3ecb2fbf3ea">[email protected]</span></a> within 30 days of publication
of this notice by March 28, 2025.
Dated: February 20, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-03079 Filed 2-25-25; 8:45 am]
BILLING CODE 8011-01-P
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