Rule 17g-5 Conflicts of Interest

ICR 202102-3235-004

OMB: 3235-0649

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2021-07-15
Supplementary Document
2021-07-15
Supporting Statement A
2021-06-15
ICR Details
3235-0649 202102-3235-004
Received in OIRA 201907-3235-040
SEC OCR-270-581
Rule 17g-5 Conflicts of Interest
Extension without change of a currently approved collection   No
Regular 07/15/2021
  Requested Previously Approved
36 Months From Approved 10/31/2021
4,852 4,029
263,306 262,466
0 0

Rule 17g-5 implements certain statutory provisions of the Credit Rating Agency Reform Act of 2006 ("Rating Agency Act") by prohibiting, or requiring the managemnt and disclosure of, any potential conflict of interest relating to the issuance of credit ratings by a nationally recognized statistical rating organization or "NRSRO". This collection of information is necessary by addressing potential practices that could impair the objectivity and the quality of a credit rating.

US Code: 15 USC 780-7 Name of Law: Credit Rating Agency Reform Act of 2006
  
US Code: 15 USC 780-7 Name of Law: Credit rating Agency Reform Act

Not associated with rulemaking

  86 FR 22294 04/27/2021
86 FR 36172 07/08/2021
No

  Total Request 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 4,852 4,029 0 830 -7 0
Annual Time Burden (Hours) 263,306 262,466 0 875 -35 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
Yes
Miscellaneous Actions
Burden increase due to an increase in eligible Exchange Act-ABS offerings per year, and a reduction in the number of registered NRSROs.

$0
No
    No
    No
No
Yes
No
No
Leah Clague 202 551-3041 [email protected]

  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.
07/15/2021


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