Document ID: SEC-2023-0720-0002
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2023-10-20T04:00Z

[Federal Register Volume 88, Number 202 (Friday, October 20, 2023)]
[Notices]
[Page 72545]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23136]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-563, OMB Control No. 3235-0625]

Submission for OMB Review; Comment Request; Extension: Rule 17g-1 
and Form NRSRO

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-
1, Form NRSRO and Instructions to Form NRSRO 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-1, Form NRSRO and the Instructions to Form NRSRO contain 
certain recordkeeping and disclosure requirements for NRSROs. 
Currently, there are 10 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 is 2,750 hours.\2\ In addition, 
the Commission estimates an industry-wide annual external cost to 
NRSROs of $4,000 to comply with the requirements.
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    \2\ 10 currently registered NRSROs x 275 hours = 2,750 hours
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    Written comments are invited on: (a) whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information on 
respondents; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid 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.
    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 
by November 20, 2023 to (i) [email protected] 
and (ii) Dave Bottom, Director/Chief Information Officer, Securities 
and Exchange Commission, c/o John Pezzullo, 100 F St NE, Washington, DC 
20549 or send an email to: [email protected].

    Dated: October 16, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-23136 Filed 10-19-23; 8:45 am]
BILLING CODE 8011-01-P