Volcker Rule Restrictions on Proprietary Trading and Relationships with Hedge Funds and Private Equity Funds

Forms and Documents

Document Name	Status
FR2-0184 Volcker Rule 82 FR 19716 April 28 2016.pdf Supplementary Document	2017-04-28
SPST-0184 Volcker Rule Restrictions on Proprietary Trading 2017 Extension.doc Supporting Statement A	2017-04-24
FR1-0184 Volcker Rule Restrictions on Proprietary Trading 82 FR 3315 January 11 2017.pdf Supplementary Document	2017-04-24

IC Document Collections

IC ID	Document Title	Status
209745	Simplified compliance program for entities with modest activities (ongoing)	Modified
209744	Simplified compliance program for entities with modest activities (initial set-up)	Modified
209742	Simplified compliance program for less active entities (ongoing)	Modified
209740	Simplified compliance program for less active entities (initial set-up)	Modified
209739	Program for compliance additional documentation for covered funds (ongoing)	Modified
209738	Program for compliance additional documentation for covered funds (initial set-up)	Modified
209737	Underwriting/market-making trading desk documentation (ongoing)	Modified
209736	Underwriting/market-making trading desk documentation (initial set-up)	Modified
209735	Proprietary trading liquidity management plan (ongoing)	Modified
209734	Proprietary trading liquidity management plan (initial set-up)	Modified
199700	Covered fund disclosures (ongoing)	Modified
199698	Covered fund disclosures (initial setup)	Modified
199695	Compliance program (ongoing)	Modified
199694	Compliance program (initial setup)	Modified
199691	Documentation of plan to provide advisory services via covered fund with bona fide trust (ongoing)	Modified
199690	Documentation of plan to provide advisory services via covered fund with bona fide trust provision (initial setup)	Modified
199689	Application to extend time to divest ownership interest in a covered fund (ongoing)	Modified
199688	Application to extend time to divest ownership interest in covered fund (initial set-up)	Modified

ICR Details

OMB Control No: 3064-0184	ICR Reference No: 201604-3064-003
Status: Historical Active	Previous ICR Reference No: 201312-3064-002
Agency/Subagency: FDIC	Agency Tracking No:
Title: Volcker Rule Restrictions on Proprietary Trading and Relationships with Hedge Funds and Private Equity Funds
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/31/2017
	Date Received in OIRA: 04/28/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2020	36 Months From Approved	07/31/2017
Responses	1,640	0	3,335
Time Burden (Hours)	14,763	0	28,234
Cost Burden (Dollars)	0	0	0

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Abstract: Section 619 of the Wall Street Reform and Consumer Protection Act added a new section 13 to the Bank Holding Company Act. Section 13 of the Bank Holding Company Act contains certain prohibitions and restrictions on the ability of banking entities to engage in proprietary trading and restricts the ability of banking entities to hold certain investments in, and have certain relationships with, hedge funds and private equity funds. This information collection includes certain reporting, recordkeeping and disclosure requirements contained in the implementing rule for section 13.

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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: PL: Pub.L. 111 - 203 619 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 3315	01/11/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 19716	04/28/2017
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 18

IC Title	Form No.	Form Name
Program for compliance additional documentation for covered funds (initial set-up)
Program for compliance additional documentation for covered funds (ongoing)
Simplified compliance program for less active entities (initial set-up)
Simplified compliance program for less active entities (ongoing)
Simplified compliance program for entities with modest activities (initial set-up)
Underwriting/market-making trading desk documentation (initial set-up)
Proprietary trading liquidity management plan (ongoing)
Proprietary trading liquidity management plan (initial set-up)
Underwriting/market-making trading desk documentation (ongoing)
Simplified compliance program for entities with modest activities (ongoing)
Application to extend time to divest ownership interest in a covered fund (ongoing)
Documentation of plan to provide advisory services via covered fund with bona fide trust provision (initial setup)
Covered fund disclosures (ongoing)
Documentation of plan to provide advisory services via covered fund with bona fide trust (ongoing)
Compliance program (initial setup)
Covered fund disclosures (initial setup)
Application to extend time to divest ownership interest in covered fund (initial set-up)
Compliance program (ongoing)

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ICR Summary of Burden

	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	1,640	3,335	0	0	-1,695	0
Annual Time Burden (Hours)	14,763	28,234	0	0	-13,471	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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:

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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

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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: 04/28/2017

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