83 FR 6908 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 32 (February 15, 2018)

[Federal Register Volume 83, Number 32 (Thursday, February 15, 2018)]
[Notices]
[Page 6908]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-03096]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

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

    Rule 17g-8 & 9, SEC File No. 270-645, OMB Control No. 3235-0693.

    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-8 and 17g-9 under 
the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).\1\ The 
Commission plans to submit this existing collection of information to 
the Office of Management and Budget for extension and approval.
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    \1\ See 17 CFR 240.17g-1 and 17 CFR 249b.300.
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    Rule 17g-8 contains certain requirements for Nationally Recognized 
Statistical Rating Organizations (``NRSROs'') to have policies and 
procedures with respect to the procedures and methodologies the NRSRO 
uses to determine credit ratings, with respect to the symbols, numbers, 
or scores it uses to denote credit ratings, to address instances in 
which a look-back review determines that a conflict of interest 
influenced a credit rating, and to consider certain prescribed factors 
for an effective internal structure. Rule 17g-9 contains requirements 
for NRSROs to ensure that any person employed by an NRSRO to determine 
credit ratings meets standards necessary to produce accurate ratings. 
Currently, there are 10 credit rating agencies registered as NRSROs 
with the Commission. The Commission estimates that the total burden for 
respondents to comply with Rule 17g-8 is 1,450 hours and to comply with 
Rule 17g-9 is 25,004 hours.
    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.
    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 Office of Management and Budget (OMB) control number.
    Please direct your written comments to: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F St NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: February 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-03096 Filed 2-14-18; 8:45 am]
BILLING CODE 8011-01-P