[Federal Register Volume 89, Number 75 (Wednesday, April 17, 2024)]
[Notices]
[Pages 27470-27471]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08096]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-563, OMB Control No. 3235-0626]


Submission for OMB Review; Comment Request

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

Extension:
    Rule 17g-3--Annual financial and other reports to be filed or 
furnished by nationally recognized statistical rating organizations.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and 
Exchange Commission (``Commission'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit an extension for this current collection of information to the 
Office of Management and Budget for approval.
    Rule 17g-3 (17 CFR 240.17g-3) under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.) contains certain reporting requirements 
for nationally recognized statistical rating organizations 
(``NRSROs''). Specifically, NRSROs are required to file with the 
Commission, on an annual basis, financial reports containing specified 
financial statements, certain financial condition reports, and a report 
on the internal control structure. NRSROs are also required to furnish 
a report of the number of credit rating actions taken during the most 
recently completed fiscal year.
    Currently, there are 10 credit rating agencies registered as NRSROs 
with the Commission. Based on staff experience, the Commission 
estimates that the total burden for NRSROs to comply with Rule 17g-3 is 
3,650 hours. In addition, the Commission estimates an industry-wide 
annual external cost to NRSROs of $350,000 to comply with Rule 17g-3, 
reflecting costs to engage the services of independent public 
accountants and outside counsel.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this

[[Page 27471]]

notice by May 17, 2024 to (i) [email protected] 
and (ii) David Bottom, Director/Chief Information Officer, Securities 
and Exchange Commission, c/o John Pezzullo, 100 F Street NE, 
Washington, DC 20549, or by sending an email to: [email protected].

    Dated: April 11, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-08096 Filed 4-16-24; 8:45 am]
BILLING CODE 8011-01-P