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View ICR - OIRA Conclusion

OMB Control No: 3235-0649	ICR Reference No: 202406-3235-016
Status: Active	Previous ICR Reference No: 202102-3235-004
Agency/Subagency: SEC	Agency Tracking No: OCR-270-581
Title: Rule 17g-5 Conflicts of Interest
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: 10/10/2024
	Date Received in OIRA: 08/14/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2027	36 Months From Approved	10/31/2024
Responses	117,776	0	4,852
Time Burden (Hours)	61,899	0	263,306
Cost Burden (Dollars)	14,126,044	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	117,776	4,852	112,924
Annual Time Burden (Hours)	61,899	263,306	-201,407
Annual Cost Burden (Dollars)	14,126,044	0	14,126,044

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: There are significant changes to the annual aggregate cost and hour burden for Rule 17g-5 due to a decrease in the estimated number of new asset-backed securities transactions based on updated estimates using current data. Also, the method for estimating the number of new asset-backed securities transactions has been updated to reflect the calculation method set forth in the 2019 Rule Amendment Release. The cost and hour burden relating to the certification requirement under Rule 17g-5(e) has decreased due to the reduction in the number of NRSROs subject to the certification requirement from 9 to 6, as only 6 NRSROs are registered in the issuer of asset-backed securities rating class. Finally, the overall cost estimate has been updated to account for inflation.

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. No

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. 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? No

Agency Contact: Carmen Moncada-Terry 212 336-9111 moncadaterryc@sec.gov

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