View Information Collection Request (ICR) Package
Skip to main content
An official website of the United States government
The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Search:
Agenda
Reg Review
ICR
This script is used to control the display of information in this page.
Display additional information by clicking on the following:
All
Brief and OIRA conclusion
Abstract/Justification
Legal Statutes
Rulemaking
FR Notices/Comments
IC List
Burden
Misc.
Common Form Info.
Certification
View Information Collection (IC) List
View Supporting Statement and Other Documents
Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3235-0675
ICR Reference No:
201504-3235-002
Status:
Historical Active
Previous ICR Reference No:
201412-3235-008
Agency/Subagency:
SEC
Agency Tracking No:
OCR-270-620
Title:
Rule 15Ga-2 and Form ABS-15G
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
05/14/2015
Retrieve Notice of Action (NOA)
Date Received in OIRA:
04/11/2015
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
05/31/2018
36 Months From Approved
06/30/2017
Responses
1,482
0
810
Time Burden (Hours)
28,453
0
189,068
Cost Burden (Dollars)
2,205,095
0
25,209,047
Abstract:
Form ABS-15G is used for reports of information required under Rule 15Ga-1 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.
Authorizing Statute(s):
US Code:
15 USC 77z-3
Name of Law: Securities Act of 1933
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
PL:
Pub.L. 111 - 203 943
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Citations for New Statutory Requirements:
PL: Pub.L. 111 - 203 932 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3235-AL15
Final or interim final rulemaking
79 FR 55078
09/15/2014
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
3
IC Title
Form No.
Form Name
15Ga-2 and Form ABS-15G Annual Reporting
Form ABS-15G annual reporting burden
SEC 2860
Form ABS-15G
Rule 15Ga-2 and Form ABS-15G one-time reporting
ICR Summary of Burden
Total Approved
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
1,482
810
2,739
2,067
-4,134
0
Annual Time Burden (Hours)
28,453
189,068
40,981
-148,845
-52,751
0
Annual Cost Burden (Dollars)
2,205,095
25,209,047
-58
-19,845,904
-3,157,990
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:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
The changes in burden are: (i) a reduction in burden of 172,530 hours due to the one-time internal burden for securitizers to set up the mechanisms to make the initial disclosures required by Rule 15Ga-1, as this cost is no longer applicable; (ii) a one-time reporting burden increase of 33,600 hours due to the adoption of new Rule 15Ga-2 and the amendments to ABS Form-15G; and (iii) an increase in ongoing annual reporting burden of 715 annual hours due to the adoption of new Rule 15Ga-2 and the amendments to Form ABS-15G.
Annual Cost to Federal Government:
$100,000
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
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?
Uncollected
Agency Contact:
Christian Broadbent 202 551-2811 broadbentc@sec.gov
Common Form ICR:
No
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:
04/11/2015
An official website of the United States government
The .gov means it's official.
The site is secure.
