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
The estimated burden on
respondents is calculated based on the 10 credit rating agencies
currently registered as NRSROs under Section 15E of the Exchange
Act. In response to the comment received, the Commission has
adjusted the total estimated industry-wide ongoing burden from
2,527 hours to 2,750 hours. The Commission expects that these 10
entities have already established the recordkeeping and disclosure
policies and procedures required by Rule 17g-1 and Form NRSRO. The
one-time burden that is associated with the previous amendments to
the rule were removed.
$0
No
Yes
Yes
No
No
No
Uncollected
Kevin O'Neill 202
551-3460
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.