Rule 17g-2 30 Day Notice 2020-Submission for OMB Review; Comment Request, 60508 [2020-21252]

Download as PDF 60508 Federal Register / Vol. 85, No. 187 / Friday, September 25, 2020 / Notices Instructions to Form NRSRO under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).1 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. khammond on DSKJM1Z7X2PROD with NOTICES [FR Doc. 2020–21245 Filed 9–24–20; 8:45 am] BILLING CODE 8011–01–P 1 See 17 CFR 240.17g–1 and 17 CFR 249b.300. VerDate Sep<11>2014 18:25 Sep 24, 2020 Jkt 250001 SECURITIES AND EXCHANGE COMMISSION [OMB Control No. 3235–0628, SEC File No. 270–564] Rule 17g–2 30 Day Notice 2020— Submission for OMB Review; Comment Request Extension: Rule 17g–2 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–2 (17 CFR 240.17g–2) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). Rule 17g–2, ‘‘Records to be made and retained by nationally recognized statistical rating organizations,’’ implements the Commission’s recordkeeping rulemaking authority under Section 17(a) of the Exchange Act.1 The rule requires a Nationally Recognized Statistical Rating Organization (‘‘NRSRO’’) to make and retain certain records relating to its business and to retain certain other business records, if such records are made. The rule also prescribes the time periods and manner in which all these records must be retained. There are 9 credit rating agencies registered with the Commission as NRSROs under section 15E of the Exchange Act, which have already established the record keeping policies and procedures required by Rule 17g–2. Based on staff experience, NRSROs are estimated to spend a total industry-wide burden of 2,151 annual hours to make and retain the appropriate records. 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 1 15 PO 00000 U.S.C 78q. Frm 00093 Fmt 4703 Sfmt 4703 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. 2020–21252 Filed 9–24–20; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Data Collection Available for Public Comments 60-Day notice and request for comments. ACTION: The Small Business Administration (SBA) plans to seek approval, from the Office of Management and Budget (OMB) to conduct the data collection activities described below. The Paperwork Reduction Act requires federal agencies to publish a notice in the Federal Register concerning each proposed collection of information to OMB, and to allow 60 days for the public to comment in response to the notice. This notice complies with such requirements and announces the SBA’s proposal to conduct a survey of small businesses and lenders who participated in the SBA’s Microloan program. DATES: Submit comments on or before November 20, 2020. ADDRESSES: Send all comments to Shay Meinzer, Lead Program Evaluator, Office of Program Performance, Analysis, and Evaluation, Small Business Administration, 409 3rd Street, 5th Floor, Washington, DC 20416. FOR FURTHER INFORMATION CONTACT: Shay Meinzer, Lead Program Evaluator, Office of Program Performance, Analysis, and Evaluation, Small Business Administration, shay.meinzer@sba.gov, 202–539–1429, or Curtis B. Rich, Management Analyst, 202–205–7030, curtis.rich@sba.gov. SUPPLEMENTARY INFORMATION: This is a request for the collection of new information. The purpose of the Microloan Program is to assist women, low income, veteran, and minority entrepreneurs, and other small SUMMARY: E:\FR\FM\25SEN1.SGM 25SEN1

Agencies

[Federal Register Volume 85, Number 187 (Friday, September 25, 2020)]
[Notices]
[Page 60508]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21252]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0628, SEC File No. 270-564]


Rule 17g-2 30 Day Notice 2020--Submission for OMB Review; Comment 
Request

Extension:
    Rule 17g-2

    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-
2 (17 CFR 240.17g-2) under the Securities Exchange Act of 1934 (15 
U.S.C. 78a et seq.) (``Exchange Act'').
    Rule 17g-2, ``Records to be made and retained by nationally 
recognized statistical rating organizations,'' implements the 
Commission's recordkeeping rulemaking authority under Section 17(a) of 
the Exchange Act.\1\ The rule requires a Nationally Recognized 
Statistical Rating Organization (``NRSRO'') to make and retain certain 
records relating to its business and to retain certain other business 
records, if such records are made. The rule also prescribes the time 
periods and manner in which all these records must be retained. There 
are 9 credit rating agencies registered with the Commission as NRSROs 
under section 15E of the Exchange Act, which have already established 
the record keeping policies and procedures required by Rule 17g-2. 
Based on staff experience, NRSROs are estimated to spend a total 
industry-wide burden of 2,151 annual hours to make and retain the 
appropriate records.
---------------------------------------------------------------------------

    \1\ 15 U.S.C 78q.
---------------------------------------------------------------------------

    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: [email protected].
    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. 2020-21252 Filed 9-24-20; 8:45 am]
BILLING CODE 8011-01-P
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