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View ICR - OIRA Conclusion

OMB Control No: 3235-0625	ICR Reference No: 201705-3235-005
Status: Historical Active	Previous ICR Reference No: 201411-3235-005
Agency/Subagency: SEC	Agency Tracking No: OCR-270-563
Title: Rule 17g-1 and Form NRSRO -Application for registration as a nationally recognized statistical rating organization
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/07/2018
	Date Received in OIRA: 11/09/2017
Terms of Clearance: Updated during review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2021	36 Months From Approved	02/28/2018
Responses	11	0	117
Time Burden (Hours)	2,750	0	4,160
Cost Burden (Dollars)	9,333	0	57,333

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	11	117	-106
Annual Time Burden (Hours)	2,750	4,160	-1,410
Annual Cost Burden (Dollars)	9,333	57,333	-48,000

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 estimated burden on respondents is calculated based on the 10 credit rating agencies currently registered as NRSROs under Section 15E of the Exchange Act. In response to the comment received, the Commission has adjusted the total estimated industry-wide ongoing burden from 2,527 hours to 2,750 hours. The Commission expects that these 10 entities have already established the recordkeeping and disclosure policies and procedures required by Rule 17g-1 and Form NRSRO. The one-time burden that is associated with the previous amendments to the rule were removed.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. Yes

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]? No

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: Kevin O'Neill 202 551-3460

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