Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will include in the supporting
statement of the next ICR--to be submitted to OMB at the final rule
stage--a description of how the agency has responded to any public
comments on the ICR, including comments on maximizing the practical
utility of the collection and minimizing the burden.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
Office of the Comptroller of the
Currency, Treasury (OCC); Board of Governors of the Federal Reserve
System (Board); Federal Deposit Insurance Corporation (FDIC);
Office of Thrift Supervision, Treasury (OTS); National Credit Union
Administration (NCUA); U.S. Securities and Exchange Commission
(SEC); and Federal Housing Finance Agency (FHFA): Proposed Rule.
The OCC, Board, FDIC, OTS, NCUA, SEC, and FHFA (the Agencies) are
proposing rules to implement section 956 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act. The proposed rule would
require the reporting of incentive-based compensation arrangements
by a covered financial institution and prohibit incentive-based
compensation arrangements at a covered financial institution that
provide excessive compensation or that could expose the institution
to inappropriate risks that could lead to a material financial
loss.
The OCC, Board, FDIC, OTS,
NCUA, SEC, and FHFA (the Agencies) are proposing rules to implement
section 956 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act. The proposed rule would require the reporting of
incentive-based compensation arrangements by a covered financial
institution and prohibit incentive-based compensation arrangements
at a covered financial institution that provide excessive
compensation or that could expose the institution to inappropriate
risks that could lead to a material financial loss.
No
No
No
Yes
No
Uncollected
Gary Kuiper 202 898-3877
gkuiper@fdic.gov
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.