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 (Re-proposal) v2.pdf	Supporting Statement A	Uploaded 2013-10-28	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
209044	?_D.18 - Underwriting Standards for Qualifying Autombile Loans: Recordkeeping		New
209039	?_D.18 - Underwriting Standards for Qualifying Automobile Loans: Disclosures		New
209037	?_D.17 - Underwriting Standards for Qualifying CRE Loans: Recordkeeping		New
209035	?_D.17 - Underwriting Standards for Qualifying CRE Loans: Disclosures		New
209034	?_D.16 - Underwriting Standards for Qualifying Commercial Loans: Recordkeeping		New
209033	?_D.16 - Underwriting Standards for Qualifying Commercial Loans: Disclosures		New
209032	?_D.15 - Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Automobile Loans: Disclosures		New
209031	?_D.13 - Exemption for Qualified Residential Mortgages: Recordkeeping		New
209030	?_D.13 - Exemption for Qualified Residential Mortgages: Disclosures		New
209029	?_C.11 - Allocation of Risk Retention to an Originator: Recordkeeping		New
209028	?_C.11 - Allocation of Risk Retention to an Originator: Disclosures		New
209027	?_B.10 - Qualified Tender Option Bonds: Disclosures		New
209026	?_B.9 - Open-Market CLOs: Disclosures		New
209010	?_B.8 - FNMA and FHLMC ABS: Disclosures		New
209009	?_B.7 - Commercial Mortgage-Backed Securities: Recordkeeping		New
209008	?_B.7 - Commericial Mortgage-Backed Securities: Disclosures		New
209007	?_B.6 - Eligible ABCP Conduits: Recordkeeping		New
209005	?_B.6 - Eligible ABCP Conduits: Disclosures		New
209004	?_B.5 - Revolving Master Trusts: Recordkeeping		New
209003	?_B.5 - Revolving Master Trusts: Disclosures		New
209002	?_B.4 - Combined Horizontal and Vertical Interests: Payment Date Disclosures		New
208995	?_B.4 - Combined Horizontal and Vertical Interests: Recordkeeping		New
208994	?_B.4 - Combined Horizontal and Vertical Interests: Disclosures		New
208993	?_B.4 - Standard Risk Retention - Vertical Interest: Recordkeeping		New
208992	?_B.4 - Standard Risk Retention - Vertical Interest: Disclosures		New
208991	?_B.4 - Standard Risk Retention - Horizontal Interest: Payment Date Disclosures		New
208990	?_B.4 - Standard Risk Retention - Horizontal Interest: Recordkeeping		New
208989	?_B.4 - Standard Risk Retention - Horizontal Interest: Disclosures		New

ICR Details

OMB Control No: 3235-0712	ICR Reference No: 201310-3235-007
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: SEC	Agency Tracking No: CF 270-613
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: 03/20/2014
	Date Received in OIRA: 10/30/2013
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

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 Exchange Act of 1934 (15 U.S.C. 78o-11), as added by Section 941(b)of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010(Dodd-Frank Act).

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

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 941(b) 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	78 FR 57927	09/20/2013

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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: 28

table that charts list of burden

IC Title	Form No.	Form Name
§_C.11 - Allocation of Risk Retention to an Originator: Disclosures
§_C.11 - Allocation of Risk Retention to an Originator: Recordkeeping
§_D.13 - Exemption for Qualified Residential Mortgages: Disclosures
§_D.13 - Exemption for Qualified Residential Mortgages: Recordkeeping
§_D.15 - Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Automobile Loans: Disclosures
§_D.16 - Underwriting Standards for Qualifying Commercial Loans: Disclosures
§_D.16 - Underwriting Standards for Qualifying Commercial Loans: Recordkeeping
§_D.17 - Underwriting Standards for Qualifying CRE Loans: Disclosures
§_D.18 - Underwriting Standards for Qualifying Automobile Loans: Disclosures
§_B.5 - Revolving Master Trusts: Disclosures
§_B.5 - Revolving Master Trusts: Recordkeeping
§_B.6 - Eligible ABCP Conduits: Disclosures
§_B.8 - FNMA and FHLMC ABS: Disclosures
§_B.4 - Standard Risk Retention - Horizontal Interest: Payment Date Disclosures
§_B.4 - Combined Horizontal and Vertical Interests: Payment Date Disclosures
§_B.6 - Eligible ABCP Conduits: Recordkeeping
§_B.7 - Commericial Mortgage-Backed Securities: Disclosures
§_B.7 - Commercial Mortgage-Backed Securities: Recordkeeping
§_D.18 - Underwriting Standards for Qualifying Autombile Loans: Recordkeeping
§_B.4 - Standard Risk Retention - Horizontal Interest: Disclosures
§_B.4 - Standard Risk Retention - Horizontal Interest: Recordkeeping
§_B.4 - Combined Horizontal and Vertical Interests: Disclosures
§_B.4 - Combined Horizontal and Vertical Interests: Recordkeeping
§_B.4 - Standard Risk Retention - Vertical Interest: Disclosures
§_B.4 - Standard Risk Retention - Vertical Interest: Recordkeeping
§_B.9 - Open-Market CLOs: Disclosures
§_B.10 - Qualified Tender Option Bonds: Disclosures
§_D.17 - Underwriting Standards for Qualifying CRE Loans: Recordkeeping

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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.

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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: 10/30/2013

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