Document ID: SEC-2023-0720-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2023-07-12T04:00Z

[Federal Register Volume 88, Number 132 (Wednesday, July 12, 2023)]
[Notices]
[Page 44433]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14660]

[[Page 44433]]

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SECURITIES AND EXCHANGE COMMISSION

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

Proposed Collection; 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'') is soliciting comments on the existing 
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\ The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
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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. In addition, the Commission 
estimates an industry-wide annual external cost to NRSROs of $4,000 to 
comply with the requirements.
    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. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication. August 11, 2023
    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.
    Please direct your written comments to: 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: July 6, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-14660 Filed 7-11-23; 8:45 am]
BILLING CODE 8011-01-P