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

ICR 202009-3235-006

OMB: 3235-0628

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-10-23
Supplementary Document
2020-10-23
Supporting Statement A
2020-09-30
IC Document Collections
ICR Details
3235-0628 202009-3235-006
Active 201705-3235-004
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 12/14/2020
Retrieve Notice of Action (NOA) 10/23/2020
  Inventory as of this Action Requested Previously Approved
12/31/2023 36 Months From Approved 12/31/2020
18 0 20
2,151 0 2,390
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

  85 FR 44347 07/22/2020
85 FR 60507 09/22/2020
No

2
IC Title Form No. Form Name
Rule 17g-2 Records to be made and retained by NRSROs (on-going)
Retaining updated records

  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 18 20 0 -2 0 0
Annual Time Burden (Hours) 2,151 2,390 0 -239 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The change in burden is because there are now 9 registered entities instead of 10 - there have been no changes made to the per-entity burden.

$0
No
    No
    No
No
Yes
No
No
Leah Clague 202 551-3041 claguel@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.
10/23/2020


© 2024 OMB.report | Privacy Policy