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 202007-3064-003 · OMB 3064-0184 · Active

Forms and Documents
DocumentTypeStatusAvailability
SPST-0184 Volcker NPR Revisions Feb 2020.docx Supporting Statement A Uploaded 2020-02-28 Available
IC Document Collections
IC IDCollectionTypeStatusForm
240145 Section 351.10 (c)(18)(ii)B)(1) - Ongoing New
240142 Section 351.10(c)(18)(ii)(B)(1) - Initial Setup New
239028 351.20(d) ($20 billion or more) Ongoing Unchanged
239027 351.20(c) Ongoing Unchanged
239026 351.5(c) Ongoing Unchanged
239025 351.4(c)(3)(i) Ongoing Modified
239024 351.20(i) Ongoing Unchanged
239023 351,20(d) ($20 billion or more) Ongoing Unchanged
239022 351.4(c)(3)(i) Ongoing Modified
239021 351.20(d) ($20 billion or more) Initial Seup Unchanged
239020 351.20(c) Initial Setup Unchanged
239019 351.5(c) Initial Setup Unchanged
239018 351.4(c)(3)(i) Initial Setup Modified
239017 351.20(i) Initial Setup Unchanged
239016 351.20(d) ($20 billion or more) Initial Setup Unchanged
239015 Section 351.4(c)(3)(i) Initial Setup Modified
209745 351.20(f)(2) - Ongoing Unchanged
209744 351.20(f)(2) - Initial Setup Unchanged
209742 351.20(f)(1) - Ongoing Modified
209740 351.20(f)(1) - Initial Setup Unchanged
209739 351.20(e) - Ongoing Unchanged
209738 351.20(e) - Initial Setup Unchanged
209737 351.4(b)(3)(i)(A) - Ongoing Modified
209736 351.4(b)(3)(i)(A) - Initial Setup Unchanged
209735 351.3(d)(3) - Ongoing Modified
209734 351.3(d)(3) - Initial Setup Modified
199700 351.11(a)(8)(i) - Ongoing Modified
199698 351.11(a)(8)(i) - Initial Setup Modified
199695 351.20(b) - Ongoing Unchanged
199694 351.20(b) - Initial Setup Unchanged
199691 351.11(a)(2) - Ongoing Modified
199690 351.11(a)(2) - Initial Setup Unchanged
ICR Details
3064-0184 202007-3064-003
Active 201811-3064-002
FDIC NPR Feb 2020
Volcker Rule Restrictions on Proprietary Trading and Relationships with Hedge Funds and Private Equity Funds
Revision of a currently approved collection   No
Regular
Approved without change 07/31/2020
Retrieve Notice of Action (NOA) 07/31/2020
Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection must be re-submitted to OMB for review.
  Inventory as of this Action Requested Previously Approved
07/31/2023 36 Months From Approved 12/31/2022
967 0 1,271
3,193 0 3,154
0 0 0
Section 619 of the Dodd-Frank Act added a new section 13 to the Bank Holding Company (“BHC”) Act (codified at 12 U.S.C. § 1851) that, subject to certain exemptions, generally prohibits any banking entity from engaging in proprietary trading or from investing in, sponsoring, or having certain relationships with a hedge fund or private equity fund (“covered fund”) (the “Volcker Rule”). The BHC Act also provides for certain nonbank financial companies that engage in such activities or have such investments or relationships to be subject to additional capital requirements, quantitative limits, or other restrictions. The agencies are revising to the Volcker Rule to provide banking entities with a greater certainty about what activities are prohibited and to improve supervision and implementation of section 13 of the BHC Act, while reducing the overall complexity and burden associated with the prior rule.
PL: Pub.L. 115 - 174 203 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
   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-AF17 Final or interim final rulemaking 85 FR 46422 07/31/2020
No
  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 967 1,271 0 11 -315 0
Annual Time Burden (Hours) 3,193 3,154 0 110 -71 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
Revisions to 12 CFR part 351 in proposed rulemaking
No
    No
    No
No
Yes
No
No
Manuel Cabeza 202 898-3781 [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.
02/28/2020