Reporting, Recordkeeping, and Disclosure Requirements Associated with Restrictions on Proprietary Trading and Certain Relationships with Hedge Funds and Private Equity Funds

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Discussion of Comments.doc	Supplementary Document	Uploaded 2014-04-01	Available
1557-0309 4-1-14 #2.doc	Supporting Statement A	Uploaded 2014-04-01	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
209660	Section 11(a)(8)(i) - Covered Fund Disclosures - Ongoing Burden		New
209659	Section 11(a)(8)(i) - Covered Fund Disclosures - Initial Set-up		New
209658	Section 20(f)(2) - Compliance Program for Entities with Modest Activities -Ongoing Burden		New
209657	Section 20(f)(2) - Compliance Program for Entities with Modest Activities - Initial Set-up		New
199647	Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Ongoing Burden		Modified
199646	Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Initial Set-up		Modified
199645	Section 20(e) - Additional Documentation for Covered Funds - Ongoing Burden		Modified
199643	Section 20(e) - Additional Documentation for Covered Funds - Initial Set-up		Modified
199642	Section 5(c) - Documentation of Purchases and Sales - Ongoing Burden		Modified
199641	Section 5(c) - Documentation of Purchases and Sales - Initial Set-up		Modified
199640	Section 4(b)(3)(i)(A) - Trading Desk Documentation of Client, Customer or Counterparty - Ongoing Burden		Modified
199639	Section 4(b)(3)(i)(A) - Trading Desk Documentation of Client, Customer or Counterparty - Initial Set-up		Modified
199638	Section 3(d)(3) - Liquidity Management Plan - Ongoing Burden		Modified
199637	Section 3(d)(3) - Liquidity Management Plan - Initial Set-up		Modified
199636	Section 11(a)(2) - Documentation of Advisory Services - Ongoing Burden		Modified
199635	Section 11(a)(2) - Documentation of Advisory Services - Initial Set-up		Modified
199634	Section 12(e) - Application for Extension of Time to Meet Requirements on Ownership Limitations - Ongoing Burden		Modified
199633	Section 12(e) - Application for Extension of Time Meet Requirements on Ownership Limitiations - Initial Set-up		Modified

ICR Details

OMB Control No: 1557-0309	ICR Reference No: 201311-1557-007
Status: Historical Active	Previous ICR Reference No: 201107-1557-070
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Restrictions on Proprietary Trading and Certain Relationships with Hedge Funds and Private Equity Funds
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: Approved without change	Conclusion Date: 04/01/2014
	Date Received in OIRA: 01/31/2014
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2017	36 Months From Approved
Responses	2,607	0	0
Time Burden (Hours)	28,016	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: This collection of information is being established pursuant to a notice of proposed rulemaking required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which was enacted on July 21, 2010. Section 619 of the Dodd-Frank Act contains certain prohibitions and restrictions on the ability of a banking entity and nonbank financial company supervised by the Board of Governors of the Federal Reserve System (Board) to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund.

---

Authorizing Statute(s): PL: Pub.L. 111 - 203 619 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 619 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AD44	Final or interim final rulemaking	79 FR 5536	01/31/2014

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

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

table that charts list of burden

IC Title	Form No.	Form Name
Section 12(e) - Application for Extension of Time Meet Requirements on Ownership Limitiations - Initial Set-up
Section 12(e) - Application for Extension of Time to Meet Requirements on Ownership Limitations - Ongoing Burden
Section 11(a)(2) - Documentation of Advisory Services - Initial Set-up
Section 4(b)(3)(i)(A) - Trading Desk Documentation of Client, Customer or Counterparty - Initial Set-up
Section 4(b)(3)(i)(A) - Trading Desk Documentation of Client, Customer or Counterparty - Ongoing Burden
Section 11(a)(2) - Documentation of Advisory Services - Ongoing Burden
Section 3(d)(3) - Liquidity Management Plan - Initial Set-up
Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Initial Set-up
Section 3(d)(3) - Liquidity Management Plan - Ongoing Burden
Section 5(c) - Documentation of Purchases and Sales - Initial Set-up
Section 5(c) - Documentation of Purchases and Sales - Ongoing Burden
Section 20(e) - Additional Documentation for Covered Funds - Initial Set-up
Section 20(e) - Additional Documentation for Covered Funds - Ongoing Burden
Section 20(f)(2) - Compliance Program for Entities with Modest Activities -Ongoing Burden
Section 11(a)(8)(i) - Covered Fund Disclosures - Initial Set-up
Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Ongoing Burden
Section 11(a)(8)(i) - Covered Fund Disclosures - Ongoing Burden
Section 20(f)(2) - Compliance Program for Entities with Modest Activities - Initial Set-up

---

ICR Summary of Burden

table that charts list of burden

	Total Approved	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	2,607	0	2,607	0	0	0
Annual Time Burden (Hours)	28,016	0	28,016	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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: The increase in burden is due to the fact that this is a new collection.

---

Annual Cost to Federal Government:

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

---

Common Form ICR:  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:

(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: 01/31/2014

---