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View ICR - OIRA Conclusion

OMB Control No: 3235-0656	ICR Reference No: 201504-3235-007
Status: Historical Inactive	Previous ICR Reference No: 201402-3235-008
Agency/Subagency: SEC	Agency Tracking No: OCR-270-600
Title: Rule 17g-7 : Reports to be made public by nationally recognized statistical rating organizations (NRSROs)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 06/10/2015
	Date Received in OIRA: 04/15/2015
Terms of Clearance: Resubmit to OMB for review if the collection changes substantively following publication of the final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2018	36 Months From Approved	07/31/2017
Responses	70	0	8,268
Time Burden (Hours)	800,845	0	91,948
Cost Burden (Dollars)	1,666,667	0	0

ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Adjustment in Estimate
Annual Number of Responses	70	8,268	50	-8,248
Annual Time Burden (Hours)	800,845	91,948	708,747	150
Annual Cost Burden (Dollars)	1,666,667	0	1,666,667	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: No

Burden Reduction Due to:

Short Statement: The change in burden is a result of the Amendments to Rule 17g-7 the Commission adopted to implement the attestation and disclosures required by Sections 15E(q) and 15E(s) of the Exchange Act. The Commission modified the the annual time burden estimates in the Adopting Release. The Commission estimates that the Amendments to Rule 17g-7 will result in a one-time burden increase of 38,850 hours and now estimates an ongoing annual time burden increase of 695,947 hours.

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