[Federal Register Volume 88, Number 132 (Wednesday, July 12, 2023)]
[Notices]
[Page 44424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14661]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-564, OMB Control No. 3235-0628]


Proposed Collection; Comment Request; Extension: Rule 17g-2

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 17g-2 (17 CFR 240.17g-2) 
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
(``Exchange Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget 
(``OMB'') for extension and approval.
    Rule 17g-2, ``Records to be made and retained by nationally 
recognized statistical rating organizations,'' implements the 
Commission's recordkeeping rulemaking authority under Section 17(a) of 
the Exchange Act.\1\ The rule requires a Nationally Recognized 
Statistical Rating Organization (``NRSRO'') to make and retain certain 
records relating to its business and to retain certain other business 
records, if such records are made. The rule also prescribes the time 
periods and manner in which all these records must be retained. There 
are 10 credit rating agencies registered with the Commission as NRSROs 
under section 15E of the Exchange Act, which have already established 
the record keeping policies and procedures required by Rule 17g-2. 
Based on staff experience, NRSROs are estimated to spend a total 
industry-wide burden of 2,390 annual hours to make and retain the 
appropriate records.
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    \1\ 15 U.S.C 78q.
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    Written comments are invited on: (a) whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information on 
respondents; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication. August 11, 2023
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid OMB control number.
    Please direct your written comments to: Dave Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o John 
Pezzullo, 100 F St NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: July 6, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-14661 Filed 7-11-23; 8:45 am]
BILLING CODE 8011-01-P