Credit Risk Retention - Regulation RR

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
PRA OMB Supporting Statement Credit Risk Retention 5-12-2011.pdf	Supporting Statement A	Uploaded 2011-05-12	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
197612	?§_ D.18, D.19, D.20 - Exemption for Qualified CREs, Commercial Mortgages, and Auto Loans Recordkeeping		New
197611	?§_D.18, D.19, D.20 - Exemption for Qualified CREs, Commercial Mortgages, and Auto Loans Disclosures		New
197610	?_ D.15 - Exemption for QRMs One-Time Disclosures		New
197609	?_ D.15 - Exemption for QRMs Recordkeeping		New
197608	?_ D.15 - Exemption for QRMs Disclosures		New
197606	?_ C.13 - Allocation of Risk Recordkeeping		New
197605	?_ C.13 - Allocation of Risk Disclosures		New
197604	?_ B.12 - Premium Capture Reserve Account Disclosures		New
197603	?_ B.10 - CMBSs Recordkeeping		New
197602	?_ B.10 - CMBSs Disclosures		New
197601	?_ B.9 - Eligible ABCP Conduits Recordkeeping		New
197600	?_ B.9 - Eligible ABCP Conduits Disclosures		New
197572	?_ B.8 - Representative Sample Recordkeeping		New
197570	?_ B.8 - Representative Sample Disclosures		New
197569	?_ B.7 - Revolving Master Trust Disclosures		New
197567	?_ B.6 - L-Shaped Risk Retention Disclosures		New
197536	?_ B.5 - Horizontal Risk Retention Disclosures		New
197535	?_ B.4 - Vertical Risk Disclosures		New

ICR Details

OMB Control No: 3235-0684	ICR Reference No: 201104-3235-023
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: SEC	Agency Tracking No: CF-270-639
Title: Credit Risk Retention - Regulation RR
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 06/17/2011
	Date Received in OIRA: 05/16/2011
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The credit risk retention recordkeeping and disclosure requirements are contained in proposed new Regulation RR, which would implement section 15G of the Securities and Exchange Act of 1934 (15 U.S.C. § 78o-11, the Exchange Act), as added by section 941(b) of the Dodd-Frank Wall Street Reform and Consumer Protection At of 2010 (Dodd-Frank Act).

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Authorizing Statute(s): US Code: 15 USC 78c, 78m, 78o-11, 78w, 78mm Name of Law: Securities And Exchange Act of 1934
   US Code: 15 USC 77g, 77j, 77s(a), 77z-3 Name of Law: Securities Act of 1933
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK96	Proposed rulemaking	76 FR 24090	04/29/2011

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 18

table that charts list of burden

IC Title	Form No.	Form Name
§§_ D.18, D.19, D.20 - Exemption for Qualified CREs, Commercial Mortgages, and Auto Loans Recordkeeping
§_ B.12 - Premium Capture Reserve Account Disclosures
§_ C.13 - Allocation of Risk Disclosures
§_ D.15 - Exemption for QRMs Recordkeeping
§_ D.15 - Exemption for QRMs Disclosures
§_ B.6 - L-Shaped Risk Retention Disclosures
§_ B.9 - Eligible ABCP Conduits Disclosures
§§_D.18, D.19, D.20 - Exemption for Qualified CREs, Commercial Mortgages, and Auto Loans Disclosures
§_ B.7 - Revolving Master Trust Disclosures
§_ B.8 - Representative Sample Disclosures
§_ B.9 - Eligible ABCP Conduits Recordkeeping
§_ B.8 - Representative Sample Recordkeeping
§_ C.13 - Allocation of Risk Recordkeeping
§_ B.10 - CMBSs Disclosures
§_ D.15 - Exemption for QRMs One-Time Disclosures
§_ B.10 - CMBSs Recordkeeping
§_ B.5 - Horizontal Risk Retention Disclosures
§_ B.4 - Vertical Risk Disclosures

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Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new collection of information. The annual time estimate is 37,168 hours.

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Annual Cost to Federal Government: $100,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 05/16/2011

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