Rule 17g-4 Prevention of misuse of material nonpublic information

ICR 201212-3235-001

OMB: 3235-0627

Federal Form Document

Forms and Documents
Supporting Statement A
IC Document Collections
ICR Details
3235-0627 201212-3235-001
Historical Active 201001-3235-002
SEC TM-270-566
Rule 17g-4 Prevention of misuse of material nonpublic information
Extension without change of a currently approved collection   No
Approved without change 03/29/2013
Retrieve Notice of Action (NOA) 02/26/2013
  Inventory as of this Action Requested Previously Approved
03/31/2016 36 Months From Approved 05/31/2013
10 0 30
100 0 1,500
0 0 0

Proposed Rule 17g-4 would implement certain statutory provisions of the Credit Rating Agency Reform Act of 2006 ("Act') by requiring a nationally recognized statistical rating organization or "NRSRO" by requiring that an NRSRO's policies and procedures established pursuant to Section 15E(g)(1) of the Exchange Act include three specific types of procedures.This collection of information included in proposed Rule 17g-4 is necessary to allow the Commission to enhance its oversight of NRSROs registered with the Commission with respect their financial condition and to monitor compliance with the Act and its implementing regulations.

US Code: 15 USC 78o-7(g). Name of Law: Credit Rating Agency Reform Act of 2006
   US Code: 15 USC 78c, 78d, 78i, 78j, 78l, 78m, Name of Law: The Securities Exchange Act

Not associated with rulemaking

  77 FR 75680 12/21/2012
78 FR 13102 02/26/2013

IC Title Form No. Form Name
Rule 17g-4 Prevention of misuse of material nonpublic information

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 10 30 0 0 -20 0
Annual Time Burden (Hours) 100 1,500 0 0 -1,400 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
The change in industry-wide aggregate time burden from 1500 to 100 hours is due to a reduction in the number of credit rating agencies used in calculating the burdens, the lack of start-up burdens, and the addition of annual review and updating burdens.

Valentina Deng 202 551-5778


On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

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