[Federal Register Volume 86, Number 128 (Thursday, July 8, 2021)]
[Notices]
[Page 36172]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-14581]


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SECURITIES AND EXCHANGE COMMISSION

[Extension: Rule 17g-8 & 9; OMB Control No. 3235-0693]


Submission for OMB Review; Comment Request

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'') 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-
8 and 17g-9 (17 CFR 240.17g-8 and 9) under the Securities Exchange Act 
of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act'').
    Rule 17g-8 contains certain requirements for Nationally Recognized 
Statistical Rating Organizations (``NRSROs'') to have policies and 
procedures with respect to the procedures and methodologies the NRSRO 
uses to determine credit ratings, with respect to the symbols, numbers, 
or scores it uses to denote credit ratings, to address instances in 
which a look-back review determines that a conflict of interest 
influenced a credit rating, and to consider certain prescribed factors 
for an effective internal structure. Rule 17g-9 contains requirements 
for NRSROs to ensure that any person employed by an NRSRO to determine 
credit ratings meets standards necessary to produce accurate ratings. 
Currently, there are 9 credit rating agencies registered as NRSROs with 
the Commission. The Commission estimates that the total burden for 
respondents to comply with Rule 17g-8 is 1,305 hours and to comply with 
Rule 17g-9 is 32,335 hours.
    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: <a href="/cdn-cgi/l/email-protection#3e6e6c7f61735f57525c51467e4d5b5d10595148"><span class="__cf_email__" data-cfemail="510103100e1c30383d333e29112234327f363e27">[email protected]</span></a>.

    Dated: July 2, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-14581 Filed 7-7-21; 8:45 am]
BILLING CODE 8011-01-P


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