Document ID: SEC-2018-0736-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2018-05-14T04:00Z

[Federal Register Volume 83, Number 93 (Monday, May 14, 2018)]
[Notices]
[Pages 22299-22300]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10145]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-645, 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,

[[Page 22300]]

100 F Street NE, Washington, DC 20549-2736

Extension:
    Rule 17g-8 & 17g-9

    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 under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.).\1\
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    \1\ See 17 CFR 240.17g-1 and 17 CFR 249b.300.
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    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 10 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 1,450 hours and to comply with 
Rule 17g-9 is 25,004 hours.
    The Commission 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 Office of Management and Budget (OMB) control number.
    Background documentation for this information collection may be 
viewed at the following website: www.reginfo.gov. Comments should be 
directed to: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503, or by sending an email to: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F St. NE, Washington, DC 20549 or send an email to: 
[email protected]. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: May 8, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-10145 Filed 5-11-18; 8:45 am]
 BILLING CODE 8011-01-P