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 202307-3064-005 · OMB 3064-0184 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
FR2 0184 - Volcker 88 FR 47500 July 24 2023 2023.pdf Supplementary Document Uploaded 2023-07-24 Missing upstream
FR1 0184 - Volcker 88 FR 24796 April 24 2023.pdf Supplementary Document Uploaded 2023-07-24 Repair queued
SPST-0184 Volcker 2023 Extention.docx Supporting Statement A Uploaded 2023-07-24 Missing upstream
IC Document Collections
IC IDCollectionTypeStatusForm
240145 Section 351.10 (c)(18)(ii)B)(1) - Recordkeeping Ongoing Modified
240142 Section 351.10(c)(18)(ii)(B)(1) - Recordkeeping Initial Setup Modified
239028 351.20(d) ($20 billion or more) Recordkeeping Ongoing Modified
239027 351.20(c) Recordkeeping Ongoing Modified
239026 351.5(c) Recordkeeping Ongoing Modified
239025 351.4(c)(3)(i) Ongoing Modified
239024 351.20(i) Reporting Ongoing Modified
239023 351,20(d) ($20 billion or more) Reporting Ongoing Modified
239022 351.4(c)(3)(i) Reporting Ongoing Modified
239021 351.20(d) ($20 billion or more) Recordkeeping Initial Setup Modified
239020 351.20(c) Recordkeeping Initial Setup Modified
239019 351.5(c) Recordkeeping Initial Setup Modified
239018 351.4(c)(3)(i) Recordkeeping Initial Setup Modified
239017 351.20(i) Reporting Initial Setup Modified
239016 351.20(d) ($20 billion or more) - Reporting Initial Setup Modified
239015 Section 351.4(c)(3)(i) Reporting Initial Setup Modified
209745 351.20(f)(2) - Recordkeeping Ongoing Modified
209744 351.20(f)(2) - Recordkeeping Initial Setup Modified
209742 351.20(f)(1) - Recordkeeping Ongoing Modified
209740 351.20(f)(1) - Recordkeeping Initial Setup Modified
209739 351.20(e) - Recordkeeping Ongoing Modified
209738 351.20(e) - Recordkeeping Initial Setup Modified
209737 351.4(b)(3)(i)(A) - Recordkeeping Ongoing Modified
209736 351.4(b)(3)(i)(A) - Recordkeeping Initial Setup Modified
209735 351.3(d)(3) - Recordkeeping Ongoing Modified
209734 351.3(d)(3) - Recordkeeping Initial Setup Modified
199700 351.11(a)(8)(i) - Disclosure Ongoing Modified
199698 351.11(a)(8)(i) - Disclosure Initial Setup Modified
199695 351.20(b) - Recordkeeping Ongoing Modified
199694 351.20(b) - Recordkeeping Initial Setup Modified
199691 351.11(a)(2) - Recordkeeping Ongoing Modified
199690 351.11(a)(2) - Recordkeeping Initial Setup Modified
ICR Details
3064-0184 202307-3064-005
Received in OIRA 202007-3064-003
FDIC ICR Renewal
Volcker Rule Restrictions on Proprietary Trading and Relationships with Hedge Funds and Private Equity Funds
Extension without change of a currently approved collection   No
Regular 07/24/2023
  Requested Previously Approved
36 Months From Approved 07/31/2023
698 967
4,049 3,193
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. 111 - 203 619 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   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
Not associated with rulemaking
  88 FR 24796 04/24/2023
88 FR 47500 07/24/2023
No
  Total Request 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 698 967 0 0 -269 0
Annual Time Burden (Hours) 4,049 3,193 0 0 856 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
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.
07/24/2023