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.
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.