Covered Financial Company Asset Purchaser Eligibility Certification
Extension without change of a currently approved collection
No
Regular
11/30/2020
Requested
Previously Approved
36 Months From Approved
01/31/2021
10
10
5
5
0
0
The Covered Financial Company Asset Purchaser Eligibility implements the statutory requirement that assets held by the FDIC in the course of liquidating any covered financial company not be sold to persons who contributed in specified ways to the demise of a covered financial company. The Purchaser Eligibility Certification is required in connection with the sale of assets by the FDIC, as receiver for a Covered Financial Company (CFC), or the sale of assets by a Bridge Financial Company (BFC) which requires the approval of the FDIC, as receiver for the predecessor CFC and as the sole shareholder of the BFC.
US Code:
12 USC 5390(r)
Name of Law: Federal Deposit Insurance Act
PL: Pub.L. 111 - 203 210(r) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
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.
Form 7300/10 Covered Financial Company Asset Sales Purchaser Eligibility Certification
FR2 Nov 85 FR 76571 Nov 30 2020.pdf
SPST - 0194 Renewal (2020) Final.docx
Covered Financial Company Asset Sales Purchaser Eligibility Certification