30 Day Notice

3235-0628 30 Day Notice.pdf

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

30 Day Notice

OMB: 3235-0628

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Federal Register / Vol. 85, No. 187 / Friday, September 25, 2020 / Notices

Instructions to Form NRSRO under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).1
Rule 17g–1, Form NRSRO and the
Instructions to Form NRSRO contain
certain recordkeeping and disclosure
requirements for NRSROs. Currently,
there are 9 credit rating agencies
registered as NRSROs with the
Commission. Based on staff experience,
the Commission estimates that the
revised ongoing annual burden for
respondents to comply with Rule 17g–
1 and Form NRSRO remains at 275
hours, but with a decrease in industry
total hours to 2,475 hours, reflecting the
decrease in registered entities. In
addition, the Commission estimates an
industry-wide annual external cost to
NRSROs of $3,600 to comply with the
requirements.
An agency may not conduct or
sponsor a collection of information
unless it displays a currently valid OMB
control number. No person shall be
subject to any penalty for failing to
comply with a collection of information
subject to the PRA that does not display
a valid OMB control number.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to (i) www.reginfo.gov/public/do/
PRAMain and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission, c/
o Cynthia Roscoe, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: PRA_Mailbox@sec.gov. Upon
Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
Dated: September 22, 2020.
J. Matthew DeLesDenier,
Assistant Secretary.
khammond on DSKJM1Z7X2PROD with NOTICES

[FR Doc. 2020–21245 Filed 9–24–20; 8:45 am]
BILLING CODE 8011–01–P

1 See

17 CFR 240.17g–1 and 17 CFR 249b.300.

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18:25 Sep 24, 2020

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SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0628, SEC File No.
270–564]

Rule 17g–2 30 Day Notice 2020—
Submission for OMB Review;
Comment Request
Extension:
Rule 17g–2

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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 17g–2 (17 CFR 240.17g–2) under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (‘‘Exchange Act’’).
Rule 17g–2, ‘‘Records to be made and
retained by nationally recognized
statistical rating organizations,’’
implements the Commission’s
recordkeeping rulemaking authority
under Section 17(a) of the Exchange
Act.1 The rule requires a Nationally
Recognized Statistical Rating
Organization (‘‘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. There are 9
credit rating agencies registered with the
Commission as NRSROs under section
15E of the Exchange Act, which have
already established the record keeping
policies and procedures required by
Rule 17g–2. Based on staff experience,
NRSROs are estimated to spend a total
industry-wide burden of 2,151 annual
hours to make and retain the
appropriate records.
An agency may not conduct or
sponsor a collection of information
unless it displays a currently valid OMB
control number. No person shall be
subject to any penalty for failing to
comply with a collection of information
subject to the PRA that does not display
a valid OMB control number.
The public may view background
documentation for this information
collection at the following website:
. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
1 15

PO 00000

U.S.C 78q.

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within 30 days of publication of this
notice to (i)  and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission, c/
o Cynthia Roscoe, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: PRA_Mailbox@sec.gov.
Upon Written Request, Copies
Available From: Securities and
Exchange Commission, Office of FOIA
Services, 100 F Street NE, Washington,
DC 20549–2736.
Dated: September 22, 2020.
J. Matthew DeLesDenier,
Assistant Secretary.
[FR Doc. 2020–21252 Filed 9–24–20; 8:45 am]
BILLING CODE 8011–01–P

SMALL BUSINESS ADMINISTRATION
Data Collection Available for Public
Comments
60-Day notice and request for
comments.

ACTION:

The Small Business
Administration (SBA) plans to seek
approval, from the Office of
Management and Budget (OMB) to
conduct the data collection activities
described below. The Paperwork
Reduction Act requires federal agencies
to publish a notice in the Federal
Register concerning each proposed
collection of information to OMB, and
to allow 60 days for the public to
comment in response to the notice. This
notice complies with such requirements
and announces the SBA’s proposal to
conduct a survey of small businesses
and lenders who participated in the
SBA’s Microloan program.
DATES: Submit comments on or before
November 20, 2020.
ADDRESSES: Send all comments to Shay
Meinzer, Lead Program Evaluator, Office
of Program Performance, Analysis, and
Evaluation, Small Business
Administration, 409 3rd Street, 5th
Floor, Washington, DC 20416.
FOR FURTHER INFORMATION CONTACT:
Shay Meinzer, Lead Program Evaluator,
Office of Program Performance,
Analysis, and Evaluation, Small
Business Administration,
shay.meinzer@sba.gov, 202–539–1429,
or Curtis B. Rich, Management Analyst,
202–205–7030, curtis.rich@sba.gov.
SUPPLEMENTARY INFORMATION: This is a
request for the collection of new
information.
The purpose of the Microloan
Program is to assist women, low
income, veteran, and minority
entrepreneurs, and other small
SUMMARY:

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