Rule 15Ga-2 and Form ABS-15G

Forms and Documents

Document Name	Status
Form SEC 2860 Rule 15Ga-2 and Form ABS-15G Annual Reporting Form and Instruction	Modified
Form SEC 2860 Form ABS-15G Annual Reporting Burden Form and Instruction	Modified
2024 12 11_89 FR 99949_3235–0675_Submission.pdf Supplementary Document	2024-12-11
Form ABS-15G - Supporting Statement.Final.pdf Supporting Statement A	2024-12-05
March 22, 2023 EDGAR PIA.pdf Supplementary Document	2024-11-25
89 FR 66149 (OMB 3235-0675).60 Day FR.pdf Supplementary Document	2024-11-26

IC Document Collections

IC ID	Document Title	Status
216025	Rule 15Ga-2 and Form ABS-15G Annual Reporting Form and Instruction	Modified
194875	Form ABS-15G Annual Reporting Burden Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0675	ICR Reference No: 202411-3235-012
Status: Received in OIRA	Previous ICR Reference No: 202110-3235-013
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	Date Submitted to OIRA: 12/11/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	12/31/2024
Responses	2,006	1,343
Time Burden (Hours)	25,156	19,447
Cost Burden (Dollars)	4,663,334	2,469,162

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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
   US Code: 15 USC 77z-3 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
  

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:
	89 FR 66149	08/14/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 99949	12/11/2024
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
Form ABS-15G Annual Reporting Burden	SEC 2860	Form ABS-15G
Rule 15Ga-2 and Form ABS-15G Annual Reporting	SEC 2860	Form ABS-15G

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ICR Summary of Burden

	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	2,006	1,343	0	0	663	0
Annual Time Burden (Hours)	25,156	19,447	0	0	5,709	0
Annual Cost Burden (Dollars)	4,663,334	2,469,162	0	0	2,194,172	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 increase of $2,194,172 in cost burden and the increase of 5,709 in burden hours are due to adjustments. The increase in cost burden is due to a change in how the Commission calculates the cost burden. The increase in burden hours is due to increase in the number of issuers filing Form ABS-15G.

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Annual Cost to Federal Government: $131,724,880

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.     Yes

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? No

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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: 12/11/2024

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