Rule 17g-2 Records to be made and retained by nationally recognized statistical rating organizations

ICR 201705-3235-004

OMB: 3235-0628

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-08-01
IC Document Collections
ICR Details
3235-0628 201705-3235-004
Historical Active 201411-3235-004
SEC TM-270-564
Rule 17g-2 Records to be made and retained by nationally recognized statistical rating organizations
Extension without change of a currently approved collection   No
Regular
Approved without change 11/25/2017
Retrieve Notice of Action (NOA) 08/02/2017
  Inventory as of this Action Requested Previously Approved
11/30/2020 36 Months From Approved 11/30/2017
20 0 30
2,390 0 2,457
0 0 0

Rule 17g-2 implements certain statutory provisions of the Credit Rating Agency Reform Act of 2006 by requiring a nationally recognized statistical rating organization or "NRSRO" to make and retain certain records relating to its business and to retain certain other business records, if such records are made. The rule also prescribes the time periods and manner in which all these records must be retained. The collections of information in Rule 17g-2 are designed to allow the Commission to determine whether an NRSRO continues to meet the requirements for registration and is complying with applicable laws and regulations. In particular, the collections of information in Rule 17g-2 will assist the Commission in effectively monitoring, through its examination function, whether an NRSRO is conducting its activities in accordance with Section 15E of the Exchange Act, and applicable Exchange Act rules under the Rating Agency Act.

US Code: 15 USC 78o-7 Name of Law: Credit Rating Agency Reform Act of 2006
   US Code: 15 USC 78c, 78d, 78i, 78j, 78l, 78m, Name of Law: The Securities Exchange Act of 1934
  
PL: Pub.L. 111 - 203 939, 939D - 939F Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

Not associated with rulemaking

  82 FR 22357 05/15/2017
82 FR 33936 07/21/2017
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 20 30 0 0 -10 0
Annual Time Burden (Hours) 2,390 2,457 0 0 -67 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
Yes
No
Uncollected
Remi Pavlik-Simon 202 551-8185 pavliksimonr@sec.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/02/2017


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