Proposed Collection; Comment Request; Extension: Rule 17g-4, 101080 [2024-29303]

Download as PDF 101080 Federal Register / Vol. 89, No. 240 / Friday, December 13, 2024 / Notices 19b–4(f)(2) 56 thereunder. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: khammond on DSK9W7S144PROD with NOTICES Electronic Comments • Use the Commission’s internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include file number SR– SAPPHIRE–2024–39 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–1090. All submissions should refer to file number SR–SAPPHIRE–2024–39. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s internet website (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street NE, Washington, DC 20549, on official business days between the hours of 10 a.m. and 3 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR–SAPPHIRE–2024–39 and should be submitted on or before January 3, 2025. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.57 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–29333 Filed 12–12–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–566, OMB Control No. 3235–0627] Proposed Collection; Comment Request; Extension: Rule 17g–4 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–4 (17 CFR 240.17g–4) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Rule 17g–4 contains collection of information requirements.1 Specifically, Rule 17g–4 requires each nationally recognized statistical rating organization (‘‘NRSRO’’) to establish, maintain, and enforce written policies and procedures that are reasonably designed to prevent the following: (1) the inappropriate dissemination of material nonpublic information obtained in connection with the performance of credit rating services; (2) a person within the NRSRO from trading or otherwise benefiting on material nonpublic information; and (3) the inappropriate dissemination of a pending credit rating action. Currently, there are 10 credit rating agencies registered as NRSROs with the Commission. Based on staff experience, 57 17 56 17 CFR 240.19b–4(f)(2). VerDate Sep<11>2014 18:12 Dec 12, 2024 1 See Jkt 265001 PO 00000 CFR 200.30–3(a)(12). 17 CFR 240.17g–4. Frm 00132 Fmt 4703 Sfmt 4703 an NRSRO is estimated to spend an average of approximately 10 hours per year reviewing policies and procedures required by Rule 17g–4, updating the policies and procedures (if necessary), and enforcing them, for a total industrywide annual hour burden of approximately 100 hours.2 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 by February 11, 2025. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. Please direct your written comments to: Austin Gerig, Director/Chief Data Officer, Securities and Exchange Commission, c/o Tanya Ruttenberg, 100 F St NE, Washington, DC 20549 or send an email to: PRA_ Mailbox@sec.gov. Dated: December 9, 2024. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–29303 Filed 12–12–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–132, OMB Control No. 3235–0158] Submission for OMB Review; Comment Request; Extension: Rule 20a–1 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. 3501–3520), the Securities and Exchange Commission has submitted to the Office of Management and Budget a request for extension of 2 10 E:\FR\FM\13DEN1.SGM hours × 10 NRSROs = 100 hours. 13DEN1

Agencies

[Federal Register Volume 89, Number 240 (Friday, December 13, 2024)]
[Notices]
[Page 101080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-29303]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-566, OMB Control No. 3235-0627]


Proposed Collection; Comment Request; Extension: Rule 17g-4

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-4 (17 CFR 240.17g-4) 
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
(``Exchange Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget for 
extension and approval.
    Rule 17g-4 contains collection of information requirements.\1\ 
Specifically, Rule 17g-4 requires each nationally recognized 
statistical rating organization (``NRSRO'') to establish, maintain, and 
enforce written policies and procedures that are reasonably designed to 
prevent the following: (1) the inappropriate dissemination of material 
nonpublic information obtained in connection with the performance of 
credit rating services; (2) a person within the NRSRO from trading or 
otherwise benefiting on material nonpublic information; and (3) the 
inappropriate dissemination of a pending credit rating action.
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    \1\ See 17 CFR 240.17g-4.
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    Currently, there are 10 credit rating agencies registered as NRSROs 
with the Commission. Based on staff experience, an NRSRO is estimated 
to spend an average of approximately 10 hours per year reviewing 
policies and procedures required by Rule 17g-4, updating the policies 
and procedures (if necessary), and enforcing them, for a total 
industry-wide annual hour burden of approximately 100 hours.\2\
---------------------------------------------------------------------------

    \2\ 10 hours x 10 NRSROs = 100 hours.
---------------------------------------------------------------------------

    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 by 
February 11, 2025.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid OMB control number. Please direct your written comments 
to: Austin Gerig, Director/Chief Data Officer, Securities and Exchange 
Commission, c/o Tanya Ruttenberg, 100 F St NE, Washington, DC 20549 or 
send an email to: [email protected].

    Dated: December 9, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-29303 Filed 12-12-24; 8:45 am]
BILLING CODE 8011-01-P
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