SEC seeks comments on NRSRO registration and disclosure paperwork
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The SEC is renewing its approval to collect information from credit rating agencies that register as nationally recognized statistical rating organizations, known as NRSROs. Rule 17g-1 and Form NRSRO require agencies to file registration applications, add rating classes, and provide ongoing disclosures. This mainly affects the 11 registered credit rating agencies and any firm seeking NRSRO status. The SEC estimates the annual compliance burden at 2,322 hours across respondents, plus about $4,840 in outside costs, and is asking for comments by August 7, 2026 on whether the paperwork is useful, accurate, and could be made less burdensome.
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Key Changes
- Continues SEC information collection tied to NRSRO registration and ongoing disclosures
- Invites public comments on the usefulness, accuracy, and burden of Rule 17g-1 and Form NRSRO
- Sets an August 7, 2026 deadline for comments on the 60-day notice
Obligations
What this law requires
A credit rating agency seeking registration as a nationally recognized statistical rating organization must file an application on Form NRSRO.
A registered NRSRO seeking to register for an additional class of credit ratings must file an application on Form NRSRO.
Applicants filing Form NRSRO must include the information specified by Form NRSRO in the application.
NRSROs must comply with the ongoing disclosure requirements established by Rule 17g-1 and Form NRSRO.