Federal Register #2026-21204

SEC Request for Comments on Rule 17g-3 Information Collection

The Securities and Exchange Commission (SEC) is seeking public comments on the information collection required by Rule 17g-3, not purchasing products or services. - Government buyer: Securities and Exchange Commission (SEC); no sub-agency or office is specified. - Purpose: The SEC is seeking input on the necessity and usefulness of the information collected, the accuracy of its burden estimate, possible improvements to the information collected, and ways to reduce respondent burden. - Requirements: Nationally recognized statistical rating organizations (NRSROs) must file annual financial reports, including specified financial statements and reports on financial condition and internal controls, and report the number of credit rating actions taken during the prior fiscal year. - Estimated burden: The SEC identifies 11 registered NRSROs, estimates 4,015 total respondent hours, and estimates $442,200 in annual industry-wide external costs for independent public accountants and outside counsel. - OEMs, products, and services: No OEMs, vendors, products, or services are named or requested. This is a public comment notice, not a procurement.

Description

The Securities and Exchange Commission is seeking comments on the existing information collection requirements in Rule 17g-3 under the Securities Exchange Act of 1934, as part of a planned extension and approval request to the Office of Management and Budget. The rule requires nationally recognized statistical rating organizations (NRSROs) to file annual financial reports and report the number of credit rating actions taken during the preceding fiscal year. The SEC estimates 4,015 total annual respondent burden hours and an industry-wide annual external cost of $442,200. Written comments are due by December 15, 2026.

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