Rule 15Ga-2 and Form ABS-15G

Forms and Documents

Document	Type	Status	Availability
Form SEC 2860 Form ABS-15G annual reporting burden	Form and Instruction	Modified	Available
RULE 15Ga-2 AND FORM ABS-15G Supporting Statement Extension 2018.pdf	Supporting Statement A	Uploaded 2018-06-22	Available
January 2016 EDGAR PIA.pdf	Supplementary Document	Uploaded 2018-06-21	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
216025	Rule 15Ga-2 and Form ABS-15G Annual Reporting		Modified
216024	Rule 15Ga-2 and Form ABS-15G one-time reporting		Removed
194875	Form ABS-15G annual reporting burden	Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0675	ICR Reference No: 201805-3235-023
Status: Active	Previous ICR Reference No: 201504-3235-002
Agency/Subagency: SEC	Agency Tracking No: CF-270-620
Title: Rule 15Ga-2 and Form ABS-15G
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/18/2018
	Date Received in OIRA: 06/25/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2021	36 Months From Approved	10/31/2018
Responses	1,343	0	1,482
Time Burden (Hours)	19,447	0	28,453
Cost Burden (Dollars)	2,469,162	0	2,205,095

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Abstract: Form ABS-15G is used for reports of information required under Rule 15Ga-1 and Rule 15Ga-2 of the Exchange Act of 1934. Exchange Act Rule 15Ga-1 requires asset-backed securitizers to provide disclosure regarding fulfilled and unfulfilled repurchase requests with respect to asset-backed securities. Rule 15Ga-2 requires an issuer or underwriter of certain Exchange Act-ABS that are to be rated by an NRSRO to submit a Form ABS-15G.

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Authorizing Statute(s): US Code: 15 USC 78c(b), 78l, 78m, 78o, 78o-7 Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78q, 78w(a), 78ll, 78mm Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 77e, 77f, 77g, 77j, 77s(a) Name of Law: Securities Act of 1933
   PL: Pub.L. 111 - 203 943 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 15 USC 77z-3 Name of Law: Securities Act of 1933
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 16417	04/16/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 28285	06/18/2018
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Rule 15Ga-2 and Form ABS-15G one-time reporting
Form ABS-15G annual reporting burden	SEC 2860	Form ABS-15G
Rule 15Ga-2 and Form ABS-15G Annual Reporting

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ICR Summary of Burden

	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	1,343	1,482	0	0	-139	0
Annual Time Burden (Hours)	19,447	28,453	0	0	-9,006	0
Annual Cost Burden (Dollars)	2,469,162	2,205,095	0	0	264,067	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The decrease in burden of 9,006 hours and the increase in cost burden of $264,067 is due to an adjustment in the way the Commission calculated the burden for Rule 15Ga-2 and Form ABS-15G. Also, an adjustment was made to the burden because of the decrease of filers using Rule 15Ga-2 and Form ABS-15G. In addition, Rule15Ga-1 and Form ABS-15G had a one-time reporting requirement which expired as of February 14, 2012, resulting in a decrease of 11,200 burden hours. However, there was increase of 213 burden hours for Rule 15Ga-2 and Form ABS-15G due to increase in the number of filers using the requirement.

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Annual Cost to Federal Government: $1,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 06/25/2018

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