Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Securities Act Rule 192

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 collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval.

Rule 192 (17 CFR 230.192) prohibits, for a specified period of time and subject to certain exceptions, an underwriter, placement agent, initial purchaser, or sponsor of an asset-backed security (including a synthetic asset-backed security), or certain affiliates or subsidiaries of any such entity, from engaging in any transaction that would involve or result in certain material conflicts of interest between such entity and an investor in the relevant asset-backed security. Rule 192 provides certain exceptions to the prohibition, subject to certain conditions. One of these conditions is that the securitization participant establish, and implement, maintain, and enforce, an internal compliance program that is reasonably designed to ensure the securitization participant's compliance with the conditions of the relevant exception, including reasonably designed written policies and procedures. This requirement is intended to help prevent evasion of Rule 192's general prohibition on conflicts of interest. The information required by Rule 192 is mandatory and is not made publicly available. We estimate that there are approximately 1,277 responses to Rule 192 annually. We estimate that respondents incur 24.75 burden hours per Rule 192 response, for a total annual reporting burden of 31,606 hours (24.75 burden hours per response × 1,277 responses). We estimate that respondents incur $4,950 cost burden per Rule 192 response, for a total annual cost burden of $6,321,150 ($4,950 cost burden per response × 1,277 responses).

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number.

Written comments are invited on: (a) whether this proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency's estimate of the burden imposed by the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; 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.

Please direct your written comments on this 60-Day Collection Notice to Austin Gerig, Director/Chief Data Officer, Securities and Exchange Commission, c/o Tanya Ruttenberg via email to PaperworkReductionAct@sec.gov by November 16, 2026.