Interagency Statement on Sound Practices Concerning Complex Structured Finance Activities

ICR 202108-3235-002

OMB: 3235-0622

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2021-11-09
Supplementary Document
2021-11-09
Supporting Statement A
2021-08-06
ICR Details
3235-0622 202108-3235-002
Received in OIRA 201804-3235-014
SEC TM-270-560
Interagency Statement on Sound Practices Concerning Complex Structured Finance Activities
Extension without change of a currently approved collection   No
Regular 11/10/2021
  Requested Previously Approved
36 Months From Approved 02/28/2022
5 5
125 125
0 0

The Interagency Statement is a policy statement providing guidance on internal controls and procedures for large firms that conduct a business in complex structured finance transactions. This Interagency Statement is unlikely to have any application to any small businesses. We expect it to provide guidance to only 5 large broker-dealer registrants in addition to the commercial banking entities overseen by the other financial services regulators. The other agencies that issued the Interagency Statement are the Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve System ("Fed"), Office of Thrift Supervion ("OTS") and Federal Deposit Insurance Corporation ("FDIC").

US Code: 15 USC 78a Name of Law: Securities Exchange Act of 1934
  
None

Not associated with rulemaking

  86 FR 46033 08/17/2021
86 FR 61336 11/05/2021
No

1
IC Title Form No. Form Name
Interagency Statement on Sound Practices Concerning Complex Structured Finance Activities

  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 5 5 0 0 0 0
Annual Time Burden (Hours) 125 125 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Jane Wetterau 202 551-4483

  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.
11/10/2021


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