Document ID: SEC-2020-1529-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals: Extension; Rule 17g-1 and Form NRSRO
Posted Date: 2020-09-25T04:00Z

[Federal Register Volume 85, Number 187 (Friday, September 25, 2020)]
[Notices]
[Pages 60507-60508]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21245]

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SECURITIES AND EXCHANGE COMMISSION

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

Submission for OMB Review; Comment Request; Rule 17g-1 and Form 
NRSRO 30 Day Notice 2020; Extension

    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

[[Page 60508]]

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