Rule 17g-1 and Form NRSRO -Application for registration as a nationally recognized statistical rating organization

ICR 201411-3235-005

OMB: 3235-0625

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2014-09-10
ICR Details
3235-0625 201411-3235-005
Historical Active 201201-3235-004
SEC TM-270-563
Rule 17g-1 and Form NRSRO -Application for registration as a nationally recognized statistical rating organization
Revision of a currently approved collection   No
Regular
Approved without change 11/19/2014
Retrieve Notice of Action (NOA) 11/19/2014
  Inventory as of this Action Requested Previously Approved
11/30/2017 36 Months From Approved 06/30/2015
117 0 34
4,160 0 839
57,333 0 0

Rule 17g-1 and Form NRSRO govern the application to become a nationally recognized statistical rating organization.The collection of information included in Rule 17g-1 is necessary to allow the Commission to determine whether a credit rating agency meets the requirements for registration as an NRSRO.

US Code: 15 USC 78a Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78o-7 Name of Law: Credit Rating Agency Reform Act of 2006
  
PL: Pub.L. 111 - 203 931-939H Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

3235-AL15 Final or interim final rulemaking 79 FR 55078 09/15/2014

No

  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 117 34 0 70 13 0
Annual Time Burden (Hours) 4,160 839 0 3,321 0 0
Annual Cost Burden (Dollars) 57,333 0 0 57,333 0 0
Yes
Changing Regulations
Yes
Changing Regulations
The changes in burden figures are due to several amendments the Commission made to Rule 17g-1 and to the instructions for Exhibit 1 to Form NRSRO. These amendments were designed to, among other things, implement the rulemaking specified under the Exchange Act and to make relevant information more readily accessible to investors and other users of credit ratings.

$0
No
No
No
Yes
No
Uncollected
Harriet Orol 212 336-0554

  No

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.
09/10/2014


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