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
Volcker.doc Supporting Statement A	2011-11-07

IC Document Collections

IC ID	Document Title	Status
199647	Section 11(h) - Disclosure to Covered Fund Investors - Ongoing Burden	New
199646	Section 11(h)(1) - Disclosure to Covered Fund Investors - Initial Set-up	New
199645	Section 20(d) - Existing Compliance Policies and Procedures - Ongoing Burden	New
199643	Section 20(d) - Existing Compliance Policies and Procedures - Initial Set-up	New
199642	Section 20(c) - Compliance Program Meets Requirements of Appendix C - Ongoing Burden	New
199641	Section 20(c) - Compliance Program Meets Requirements of Appx C - Initial Set-up	New
199640	Section 20(b) - Compliance Program - Ongoing Burden	New
199639	Section 20(b) - Compliance Program - Initial Set-up	New
199638	Section 13(b)(3) - Documentation of Ownership Interest in Covered Fund - Ongoing Burden	New
199637	Section 13(b)(3) - Documentation of Ownership Interest in Covered Fund - Initial Set-up	New
199636	Section 11(b) - Documentation of Advisory Services - Ongoing Burden	New
199635	Section 11(b) - Documentation of Advisory Services - Initial Set-up	New
199634	Section 12(d) - Application for Extension of Time to Divest Ownership Interest in Covered Fund - Ongoing Burden	New
199633	Section 12(d) - Application for Extension of Time to Divest Ownership Interest in Covered Fund - Initial Set-up	New

ICR Details

OMB Control No: 1557-0309	ICR Reference No: 201107-1557-070
Status: Historical Inactive	Previous ICR Reference No:
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: Comment filed on proposed rule	Conclusion Date: 02/13/2012
	Date Received in OIRA: 11/07/2011
Terms of Clearance: 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
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	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	Proposed rulemaking	76 FR 68846	11/07/2011

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 14

IC Title	Form No.	Form Name
Section 12(d) - Application for Extension of Time to Divest Ownership Interest in Covered Fund - Initial Set-up
Section 12(d) - Application for Extension of Time to Divest Ownership Interest in Covered Fund - Ongoing Burden
Section 11(b) - Documentation of Advisory Services - Initial Set-up
Section 11(b) - Documentation of Advisory Services - Ongoing Burden
Section 13(b)(3) - Documentation of Ownership Interest in Covered Fund - Initial Set-up
Section 11(h)(1) - Disclosure to Covered Fund Investors - Initial Set-up
Section 13(b)(3) - Documentation of Ownership Interest in Covered Fund - Ongoing Burden
Section 20(c) - Compliance Program Meets Requirements of Appx C - Initial Set-up
Section 20(c) - Compliance Program Meets Requirements of Appendix C - Ongoing Burden
Section 20(d) - Existing Compliance Policies and Procedures - Initial Set-up
Section 20(d) - Existing Compliance Policies and Procedures - Ongoing Burden
Section 11(h) - Disclosure to Covered Fund Investors - Ongoing Burden
Section 20(b) - Compliance Program - Initial Set-up
Section 20(b) - Compliance Program - Ongoing Burden

---

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: 11/07/2011

---