Reporting and Recordkeeping Requirements Associated with Regulation KK

ICR 202308-7100-002

OMB: 7100-0364

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2023-08-22
ICR Details
7100-0364 202308-7100-002
Active 202308-7100-001
FRS FR KK
Reporting and Recordkeeping Requirements Associated with Regulation KK
Extension without change of a currently approved collection   No
Delegated
Approved without change 08/22/2023
Retrieve Notice of Action (NOA) 08/22/2023
  Inventory as of this Action Requested Previously Approved
08/31/2026 36 Months From Approved 08/31/2023
211 0 211
5,452 0 5,452
0 0 0

Pursuant to sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the Board, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Farm Credit Administration (FCA), and Federal Housing Finance Agency (FHFA) (collectively, the agencies) have adopted regulations, including the Board’s Regulation KK - Swaps Margin and Swaps Push-out (12 CFR Part 237), establishing capital requirements and initial and variation margin requirements for certain entities on certain non-cleared swaps and non-cleared security-based swaps. These regulations include reporting and recordkeeping requirements. Regulation KK applies to a swap entity that is a state member bank, bank holding company, savings and loan holding company, foreign banking organization, foreign bank that does not operate an insured branch, state branch or state agency of a foreign bank, or Edge or agreement corporation, as well as any other entity determined to be a covered swap entity by the Board (collectively, covered swap entities).

US Code: 7 USC 6s Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 15 USC 78o-10 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 15 USC 8305(f) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
None

Not associated with rulemaking

  88 FR 12936 03/01/2023
88 FR 46163 07/19/2023
No

  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 211 211 0 0 0 0
Annual Time Burden (Hours) 5,452 5,452 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    Yes
    No
No
No
No
No
Mark Tokarski 202-452-5241 [email protected]

  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.
08/22/2023


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