OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Volcker Rule Restrictions on Proprietary Trading and Relationships with Hedge Funds and Private Equity Funds

ICR 201312-3064-002 · OMB 3064-0184 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
SPST Volcker Rulemaking (revised).doc Supporting Statement A Uploaded 2014-04-01 Available
IC Document Collections
IC IDCollectionTypeStatusForm
209745 Simplified compliance program for entities with modest activities (ongoing) New
209744 Simplified compliance program for entities with modest activities (initial set-up) New
209742 Simplified compliance program for less active entities (ongoing) New
209740 Simplified compliance program for less active entities (initial set-up) New
209739 Program for compliance additional documentation for covered funds (ongoing) New
209738 Program for compliance additional documentation for covered funds (initial set-up) New
209737 Underwriting/market-making trading desk documentation (ongoing) New
209736 Underwriting/market-making trading desk documentation (initial set-up) New
209735 Proprietary trading liquidity management plan (ongoing) New
209734 Proprietary trading liquidity management plan (initial set-up) New
199700 Covered fund disclosures (ongoing) Modified
199698 Covered fund disclosures (initial setup) Modified
199697 Policies and procedures for entities not engaging in prohibited activities (ongoing) Removed
199696 Policies and procedures for entities not engaging in prohibited activities (initial setup) Removed
199695 Compliance program (ongoing) Modified
199694 Compliance program (initial setup) Modified
199693 Documentation of interest in covered fund (ongoing) Removed
199692 Documentation of acquisition of interest in covered fund (initial setup) Removed
199691 Documentation of plan to provide advisory services via covered fund with bona fide trust (ongoing) Modified
199690 Documentation of plan to provide advisory services via covered fund with bona fide trust provision (initial setup) Modified
199689 Application to extend time to divest ownership interest in a covered fund (ongoing) Modified
199688 Application to extend time to divest ownership interest in covered fund (initial set-up) Modified
ICR Details
3064-0184 201312-3064-002
Historical Active 201110-3064-001
FDIC
Volcker Rule Restrictions on Proprietary Trading and Relationships with Hedge Funds and Private Equity Funds
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 04/01/2014
Retrieve Notice of Action (NOA) 01/31/2014
  Inventory as of this Action Requested Previously Approved
04/30/2017 36 Months From Approved
3,335 0 0
28,234 0 0
0 0 0
Section 619 of the Wall Street Reform and Consumer Protection Act added a new section 13 to the Bank Holding Company Act. Section 13 of the Bank Holding Company Act contains certain prohibitions and restrictions on the ability of banking entities to engage in proprietary trading and restricts the ability of banking entities to hold certain investments in, and have certain relationships with, hedge funds and private equity funds. This information collection includes certain reporting, recordkeeping and disclosure requirements contained in the implementing rule for section 13.
PL: Pub.L. 111 - 203 619 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
PL: Pub.L. 111 - 203 619 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
3064-AD85 Final or interim final rulemaking 79 FR 5535 01/31/2014
No
18
IC Title Form No. Form Name
Underwriting/market-making trading desk documentation (initial set-up)
Program for compliance additional documentation for covered funds (initial set-up)
Program for compliance additional documentation for covered funds (ongoing)
Simplified compliance program for less active entities (initial set-up)
Simplified compliance program for less active entities (ongoing)
Policies and procedures for entities not engaging in prohibited activities (initial setup)
Policies and procedures for entities not engaging in prohibited activities (ongoing)
Simplified compliance program for entities with modest activities (initial set-up)
Proprietary trading liquidity management plan (ongoing)
Proprietary trading liquidity management plan (initial set-up)
Underwriting/market-making trading desk documentation (ongoing)
Simplified compliance program for entities with modest activities (ongoing)
Documentation of acquisition of interest in covered fund (initial setup)
Documentation of interest in covered fund (ongoing)
Application to extend time to divest ownership interest in a covered fund (ongoing)
Documentation of plan to provide advisory services via covered fund with bona fide trust provision (initial setup)
Covered fund disclosures (ongoing)
Documentation of plan to provide advisory services via covered fund with bona fide trust (ongoing)
Compliance program (initial setup)
Covered fund disclosures (initial setup)
Application to extend time to divest ownership interest in covered fund (initial set-up)
Compliance program (ongoing)
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 3,335 0 5,757 -2,326 -96 0
Annual Time Burden (Hours) 28,234 0 50,568 -1,040 -21,294 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
Yes
Changing Regulations
The burden increase of 28,234 hours reflects a new information collection arising from adoption of a final rule implementing section 619 of the Dodd-Frank Act.
No
No
No
Yes
No
Uncollected
Leneta Gregorie 202 898-3719 [email protected]
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
01/31/2014