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Federal forms, ICRs, and supporting documents

Information Collection Request

Margin and Capital Requirements for Covered Swap Entities: Interim Final Rule

ICR 201606-1557-003 · OMB 1557-0335 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
1557-0335 7-25-16.doc Supporting Statement A Uploaded 2016-07-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
218752 Reporting Required to Obtain Exemptions Unchanged
ICR Details
1557-0335 201606-1557-003
Historical Active 201510-1557-002
TREAS/OCC
Margin and Capital Requirements for Covered Swap Entities: Interim Final Rule
Extension without change of a currently approved collection   No
Regular
Approved without change 12/27/2016
Retrieve Notice of Action (NOA) 07/29/2016
  Inventory as of this Action Requested Previously Approved
12/31/2019 36 Months From Approved 12/31/2016
20,000 0 20,000
20,000 0 20,000
0 0 0
This Information Collection Request (ICR) is being filed in connection with the renewal of an emergency clearance granted for an interim final rule required by the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA). Title III of TRIPRA, the “Business Risk Mitigation and Price Stabilization Act of 2015,” amended the statutory provisions added by the Dodd-Frank Act relating to margin requirements for non-cleared swaps and non-cleared security-based swaps. Section 302 of TRIPRA amends sections 731 and 764 of the Dodd-Frank Act to provide that the initial and variation margin requirements do not apply to certain transactions with specified counterparties that qualify for an exemption or exception from clearing. Non-cleared swaps and non-cleared security-based swaps that are exempt under section 302 of TRIPRA are not subject to the Agencies’ (the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration, and the Federal Housing Finance Agency) rules implementing margin requirements. In section 303 of TRIPRA, Congress required that the Agencies implement the provisions of Title III of TRIPRA by promulgating an interim final rule and seeking public comment on the interim final rule.
PL: Pub.L. 114 - 1 301-303 Name of Law: Business Risk Mitigation and Price Stabilization Act of 2015
  
PL: Pub.L. 114 - 1 301-303 Name of Law: Business Risk Mitigation and Price Stabilization Act of 2015
Not associated with rulemaking
  81 FR 23082 04/19/2016
81 FR 50057 07/29/2016
No
1
IC Title Form No. Form Name
Reporting Required to Obtain Exemptions
  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 20,000 20,000 0 0 0 0
Annual Time Burden (Hours) 20,000 20,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
No
No
No
Yes
No
Uncollected
Carl Kaminski 202 649-5869 [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.
07/29/2016