OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Reporting, Recordkeeping, and Disclosure Requirements Associated with Restrictions on Proprietary Trading and Certain Relationships with Hedge Funds and Private Equity Funds

ICR 202003-1557-003 · OMB 1557-0309 · Historical Inactive

Forms and Documents
DocumentTypeStatusAvailability
1557-0309 Supporting Statement Volcker Covered Funds NPR 1-29-20 Final.docx Supporting Statement A Uploaded 2020-03-11 Available
IC Document Collections
IC IDCollectionTypeStatusForm
240705 Section 10(c)(18)(ii)(B)(1) New
240704 Section 4(c)(3)(i) Recordkeeping - Ongoing New
240703 Section 3(d)(3) Recordkeeping - Initial Setup New
240702 Section 10(c)(18)(ii)(B)(1) Recordkeeping - Initial Setup New
240701 Section 4(c)(3)(i) Recordkeeping - Initial Setup New
240700 Section 3(d)(3) Recordkeeping - Initial Setup New
240699 Section 20(i) Reporting - Ongoing New
240698 Section 20(i) Reporting - Initial Setup New
240697 Section 4(c)(3)(i) Reporting - Ongoing New
240696 Section 4(c)(3)(i) Reporting - Initial Set up New
231543 Section 44.20(d) - $10-50 billion - Appendix Reporting Requirements - Ongoing Burden Removed
231542 Section 44.20(d) - $10-50 billion - Appendix Reporting Requirements - Initial Set-up Removed
231541 Section 44.20(d) - $20 billion - Appendix Reporting Requirements - Ongoing Burden Modified
231540 Section 44.20(d) - $20 billion - Appendix Reporting Requirements - Initial Set-up Modified
231539 Section 44.20(c) - CEO Attestation - Ongoing Burden Modified
231538 Section 44.20(c) - CEO Attestation - Initial Set-up Unchanged
231537 Section 44.20(b) - Compliance Program - Ongoing Burden Modified
231536 Section 44.20(b) - Compliance Program - Initial Set-up Unchanged
231535 Section 44.20(d) - Appendix Reporting - $10-50 Billion - Ongoing Burden Removed
231534 Section 44.20(d) - Appendix Reporting - $ 10-50 Billion - Initial Set-up Removed
231533 Section 44.20(d) - Appendix Reporting - $20 Billion - Ongoing Burden Modified
231532 Section 44.20(d) - Appendix Reporting - $20 Billion - Initial Set-up Modified
231531 Section 44.3(g) - Notice and Response Procedures for Reservation of Authority - Ongoing Burden Removed
231530 Section 44.3(g) - Notice and Response Procedures for Reservation of Authority - Initial Set-up Removed
231529 Section 44.3(c) - Report of Trading Desk Exceeding $25 Million - Ongoing Burden Removed
231528 Section 44.3(c) - Report of Trading Desk Exceeding $25 Million - Initial Set-up Removed
209660 Section 11(a)(8)(i) - Covered Fund Disclosures - Ongoing Burden Modified
209659 Section 11(a)(8)(i) - Covered Fund Disclosures - Initial Set-up Modified
209658 Section 20(f)(2) - Compliance Program for Entities with Modest Activities -Ongoing Burden Modified
209657 Section 20(f)(2) - Compliance Program for Entities with Modest Activities - Initial Set-up Unchanged
199647 Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Ongoing Burden Modified
199646 Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Initial Set-up Unchanged
199645 Section 20(e) - Additional Documentation for Covered Funds - Ongoing Burden Modified
199643 Section 20(e) - Additional Documentation for Covered Funds - Initial Set-up Unchanged
199642 Section 5(c) - Documentation of Purchases and Sales - Ongoing Burden Modified
199641 Section 5(c) - Documentation of Purchases and Sales - Initial Set-up Unchanged
199640 Section 4(b)(3)(i)(A) - Trading Desk Documentation of Client, Customer or Counterparty - Ongoing Burden Modified
199639 Section 4(b)(3)(i)(A) - Trading Desk Documentation of Client, Customer or Counterparty - Initial Set-up Unchanged
199638 Section 3(e)(3) - Liquidity Management Plan - Ongoing Burden Removed
199637 Section 3(e)(3) - Liquidity Management Plan - Initial Set-up Removed
199636 Section 11(a)(2) - Documentation of Advisory Services - Ongoing Burden Modified
199635 Section 11(a)(2) - Documentation of Advisory Services - Initial Set-up Unchanged
199634 Section 12(e) - Application for Extension of Time to Meet Requirements on Ownership Limitations - Ongoing Burden Modified
199633 Section 12(e) - Application for Extension of Time Meet Requirements on Ownership Limitiations - Initial Set-up Unchanged
ICR Details
1557-0309 202003-1557-003
Historical Inactive 201909-1557-002
TREAS/OCC
Reporting, Recordkeeping, and Disclosure Requirements Associated with Restrictions on Proprietary Trading and Certain Relationships with Hedge Funds and Private Equity Funds
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 05/11/2020
Retrieve Notice of Action (NOA) 03/11/2020
OIRA will review the collection when the rule is finalized.
  Inventory as of this Action Requested Previously Approved
12/31/2022 36 Months From Approved 12/31/2022
1,072 0 1,072
20,712 0 20,712
0 0 0
This supporting statement is being filed in connection with an NPR concerning Covered Funds issued by the OCC, Board, FDIC, SEC, and CFTC. The proposal would amend the regulations implementing section 13 of the Bank Holding Company Act (BHC Act). Section 13 contains certain restrictions on the ability of a banking entity or nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The proposed amendments are intended to continue the agencies’ efforts to improve and streamline the regulations implementing section 13 of the BHC Act by modifying and clarifying requirements related to the covered fund provisions. The new recordkeeping requirements are found in section 44.10(c)(18)(ii)(B)(1) and the modified disclosure requirements are found in section 44.11(a)(8)(i): • Section 44.10(c)(18)(ii)(B)(1) would require a banking entity relying on the proposed exclusion from the covered fund definition for customer facilitation vehicles to maintain documentation outlining how the banking entity intends to facilitate the customer’s exposure to a transaction, investment strategy, or service. • Section 44.11(a)(8)(i), which requires banking entities that organize and offer covered funds to make certain disclosures to investors in such funds, would be expanded to also apply to banking entities sponsoring credit funds, qualifying venture capital funds, family wealth management vehicles, or customer facilitation vehicles, in reliance on the proposed exclusions for such funds.
PL: Pub.L. 111 - 203 619 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
None
1557-AE67 Proposed rulemaking 85 FR 12120 02/28/2020
No
34
IC Title Form No. Form Name
Section 44.20(d) - Appendix Reporting - $20 Billion - Initial Set-up
Section 44.20(d) - Appendix Reporting - $20 Billion - Ongoing Burden
Section 44.20(b) - Compliance Program - Initial Set-up
Section 44.20(b) - Compliance Program - Ongoing Burden
Section 44.20(c) - CEO Attestation - Initial Set-up
Section 44.20(c) - CEO Attestation - Ongoing Burden
Section 20(e) - Additional Documentation for Covered Funds - Ongoing Burden
Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Ongoing Burden
Section 11(a)(8)(i) - Covered Fund Disclosures - Ongoing Burden
Section 20(f)(2) - Compliance Program for Entities with Modest Activities - Initial Set-up
Section 20(f)(2) - Compliance Program for Entities with Modest Activities -Ongoing Burden
Section 11(a)(8)(i) - Covered Fund Disclosures - Initial Set-up
Section 44.20(d) - $20 billion - Appendix Reporting Requirements - Initial Set-up
Section 44.20(d) - $20 billion - Appendix Reporting Requirements - Ongoing Burden
Section 3(e)(3) - Liquidity Management Plan - Initial Set-up
Section 3(e)(3) - Liquidity Management Plan - Ongoing Burden
Section 44.3(g) - Notice and Response Procedures for Reservation of Authority - Initial Set-up
Section 44.3(g) - Notice and Response Procedures for Reservation of Authority - Ongoing Burden
Section 44.20(d) - Appendix Reporting - $ 10-50 Billion - Initial Set-up
Section 44.20(d) - Appendix Reporting - $10-50 Billion - Ongoing Burden
Section 44.20(d) - $10-50 billion - Appendix Reporting Requirements - Initial Set-up
Section 44.20(d) - $10-50 billion - Appendix Reporting Requirements - Ongoing Burden
Section 4(c)(3)(i) Reporting - Initial Set up
Section 4(c)(3)(i) Reporting - Ongoing
Section 12(e) - Application for Extension of Time to Meet Requirements on Ownership Limitations - Ongoing Burden
Section 20(i) Reporting - Initial Setup
Section 20(i) Reporting - Ongoing
Section 44.3(c) - Report of Trading Desk Exceeding $25 Million - Initial Set-up
Section 44.3(c) - Report of Trading Desk Exceeding $25 Million - Ongoing Burden
Section 3(d)(3) Recordkeeping - Initial Setup
Section 4(c)(3)(i) Recordkeeping - Initial Setup
Section 10(c)(18)(ii)(B)(1) Recordkeeping - Initial Setup
Section 3(d)(3) Recordkeeping - Initial Setup
Section 4(c)(3)(i) Recordkeeping - Ongoing
Section 12(e) - Application for Extension of Time Meet Requirements on Ownership Limitiations - Initial Set-up
Section 10(c)(18)(ii)(B)(1)
Section 11(a)(2) - Documentation of Advisory Services - Initial Set-up
Section 4(b)(3)(i)(A) - Trading Desk Documentation of Client, Customer or Counterparty - Initial Set-up
Section 4(b)(3)(i)(A) - Trading Desk Documentation of Client, Customer or Counterparty - Ongoing Burden
Section 11(a)(2) - Documentation of Advisory Services - Ongoing Burden
Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Initial Set-up
Section 5(c) - Documentation of Purchases and Sales - Initial Set-up
Section 5(c) - Documentation of Purchases and Sales - Ongoing Burden
Section 20(e) - Additional Documentation for Covered Funds - Initial Set-up
Yes
Changing Regulations
Yes
Changing Regulations
The decrease in burden is due to the change in the regulations.
No
    No
    No
No
Yes
No
No
Mark O'Horo 202 649-7821 mark.o'[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.
03/11/2020