SEC Seeks Comments on Extension of Rule 17g-2 Recordkeeping Requirements
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The notice keeps in motion SEC paperwork approval for Rule 17g-2, which requires nationally recognized credit rating agencies to create, keep, and retain certain business records. It affects the 11 credit rating agencies registered with the SEC as NRSROs. The SEC estimates the annual compliance burden at 3,883 hours and is asking for public comments on whether the collection is useful, whether the burden estimate is accurate, and how the process could be improved or made less burdensome. Comments are due by August 7, 2026.
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Key Changes
- Continues the SEC approval process for Rule 17g-2 information collection requirements
- Confirms that registered NRSROs must maintain and retain specified business records
- Opens a public comment period on burden estimates and possible improvements
Obligations
What this law requires
Nationally recognized statistical rating organizations must make and retain records relating to their business as required by SEC Rule 17g-2.
Nationally recognized statistical rating organizations must retain certain other business records if those records are made, in accordance with Rule 17g-2.
Nationally recognized statistical rating organizations must retain required records for the time periods and in the manner prescribed by Rule 17g-2.
Persons are not required to respond to an information collection unless the collection displays a currently valid OMB Control Number.
Written comments on the SEC’s 60-Day Collection Notice should be submitted by email to [email protected] by August 7, 2026.