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

Forms and Documents

Document Name	Status
1557-0309 6-7-18.doc Supporting Statement A	2018-06-04

IC Document Collections

IC ID	Document Title	Status
231543	Section 44.20(d) - $10-50 billion - Appendix Reporting Requirements - Ongoing Burden	New
231542	Section 44.20(d) - $10-50 billion - Appendix Reporting Requirements - Initial Set-up	New
231541	Section 44.20(d) - $50 billion - Appendix Reporting Requirements - Ongoing Burden	New
231540	Section 44.20(d) - $50 billion - Appendix Reporting Requirements - Initial Set-up	New
231539	Section 44.20(c) - CEO Attestation - Ongoing Burden	New
231538	Section 44.20(c) - CEO Attestation - Initial Set-up	New
231537	Section 44.20(b) - Compliance Program - Ongoing Burden	New
231536	Section 44.20(b) - Compliance Program - Initial Set-up	New
231535	Section 44.20(d) - Appendix Reporting - $10-50 Billion - Ongoing Burden	New
231534	Section 44.20(d) - Appendix Reporting - $ 10-50 Billion - Initial Set-up	New
231533	Section 44.20(d) - Appendix Reporting - $50 Billion - Ongoing Burden	New
231532	Section 44.20(d) - Appendix Reporting - $50 Billion - Initial Set-up	New
231531	Section 44.3(g) - Notice and Response Procedures for Reservation of Authority - Ongoing Burden	New
231530	Section 44.3(g) - Notice and Response Procedures for Reservation of Authority - Initial Set-up	New
231529	Section 44.3(c) - Report of Trading Desk Exceeding $25 Million - Ongoing Burden	New
231528	Section 44.3(c) - Report of Trading Desk Exceeding $25 Million - Initial Set-up	New
209660	Section 11(a)(8)(i) - Covered Fund Disclosures - Ongoing Burden	Unchanged
209659	Section 11(a)(8)(i) - Covered Fund Disclosures - Initial Set-up	Modified
209658	Section 20(f)(2) - Compliance Program for Entities with Modest Activities -Ongoing Burden	Modified
209657	Section 20(f)(2) - Compliance Program for Entities with Modest Activities - Initial Set-up	Modified
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	Unchanged
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(e)(3) - Liquidity Management Plan - Ongoing Burden	Modified
199637	Section 3(e)(3) - Liquidity Management Plan - Initial Set-up	Modified
199636	Section 11(a)(2) - Documentation of Advisory Services - Ongoing Burden	Unchanged
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: 201804-1557-017
Status: Historical Inactive	Previous ICR Reference No: 201603-1557-005
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: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 09/06/2018
	Date Received in OIRA: 07/17/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2021	36 Months From Approved	05/31/2020
Responses	1,072	0	2,607
Time Burden (Hours)	20,712	0	28,016
Cost Burden (Dollars)	0	0	0

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Abstract: This collection of information was 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. This ICR is being submitted pursuant to a proposed rule that sets forth a number of changes to the information collection requirements in the existing rule (12 CFR part 44). The reporting and recordkeeping requirements are set out in the attached supporting statement.

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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: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AE27	Proposed rulemaking	83 FR 33432	07/17/2018

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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: 34

IC Title	Form No.	Form Name
Section 44.20(d) - $10-50 billion - Appendix Reporting Requirements - Initial Set-up
Section 44.20(d) - $10-50 billion - Appendix Reporting Requirements - Ongoing Burden
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(e)(3) - Liquidity Management Plan - Initial Set-up
Section 20(f)(1) - Compliance Program for Entities with No Covered Activities - Initial Set-up
Section 3(e)(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)(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
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 44.3(c) - Report of Trading Desk Exceeding $25 Million - Initial Set-up
Section 44.3(c) - Report of Trading Desk Exceeding $25 Million - Ongoing Burden
Section 44.3(g) - Notice and Response Procedures for Reservation of Authority - Initial Set-up
Section 44.3(g) - Notice and Response Procedures for Reservation of Authority - Ongoing Burden
Section 44.20(d) - Appendix Reporting - $50 Billion - Initial Set-up
Section 44.20(d) - Appendix Reporting - $50 Billion - Ongoing Burden
Section 44.20(d) - Appendix Reporting - $ 10-50 Billion - Initial Set-up
Section 44.20(d) - Appendix Reporting - $10-50 Billion - Ongoing Burden
Section 44.20(b) - Compliance Program - Initial Set-up
Section 44.20(b) - Compliance Program - Ongoing Burden
Section 44.20(c) - CEO Attestation - Initial Set-up
Section 44.20(c) - CEO Attestation - Ongoing Burden
Section 44.20(d) - $50 billion - Appendix Reporting Requirements - Initial Set-up
Section 44.20(d) - $50 billion - Appendix Reporting Requirements - Ongoing Burden

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ICR Summary of Burden

	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	1,072	2,607	0	-365	-1,170	0
Annual Time Burden (Hours)	20,712	28,016	0	1,625	-8,929	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The adjustment decrease of 8,929 hours and program increase of 1,625 results in and overall decrease of 7,304 hours.

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Annual Cost to Federal Government:

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 07/17/2018

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