Waterfall Computer Program

ICR 201006-3235-019

OMB: 3235-0663

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-06-28
IC Document Collections
IC ID
Document
Title
Status
193372
New
ICR Details
3235-0663 201006-3235-019
Historical Inactive
SEC CF 270-608
Waterfall Computer Program
New collection (Request for a new OMB Control Number)   No
Regular
Preapproved 09/20/2010
Retrieve Notice of Action (NOA) 06/29/2010
Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.
  Inventory as of this Action Requested Previously Approved
09/30/2013 36 Months From Approved
958 0 0
10,055 0 0
7,756,800 0 0

A computer program that must be filed in electronic format for offerings of asset-backed securities that sets forth cash flow provisions in underlying transaction agreements.

US Code: 15 USC 78j, 78l, 78m, 78n, 78o Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78w(a), 78ll, 78mm Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 77sss Name of Law: Trust Indenture Act of 1939
   US Code: 15 USC 77d, 77e, 77f, 77g, 77h, 77j Name of Law: Securities Act of 1933
   US Code: 15 USC 77q(a), 77s(a), 77z-3 Name of Law: Securities Act of 1933
  
None

3235-AK37 Proposed rulemaking 75 FR 23328 05/03/2010

No

1
IC Title Form No. Form Name
Waterfall Computer Program

  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 958 0 0 958 0 0
Annual Time Burden (Hours) 10,055 0 0 10,055 0 0
Annual Cost Burden (Dollars) 7,756,800 0 0 7,756,800 0 0
Yes
Changing Regulations
No
The proposed amendments in Release No. 33-9117 would require issuers to file machine-readable code detailing the “waterfall” (i.e., cash flow provisions) for all registered offerings of asset-backed securities. The increase in the burden associated with this new collection of information called “Waterfall Computer Program” is necessary in order to provide investors with more meaningful disclosure for purposes of their investment decision. The proposal would result in an increase of 10,055 burden hours and an increase in the cost burden of $7,756,800 for services of outside professionals and computer programmers. For a more detailed discussion, please refer to the supporting statement.

$200,000
No
No
No
Uncollected
No
Uncollected
Katherine Hsu 202 551-3430

  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.
06/29/2010


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