Interagency Statement on Sound Practices Concerning Complex Structured Finance Transactions

ICR 201707-3064-006

OMB: 3064-0148

Federal Form Document

Forms and Documents
IC Document Collections
IC ID
Document
Title
Status
42594 Modified
ICR Details
3064-0148 201707-3064-006
Active 201404-3064-003
FDIC 3064-0148
Interagency Statement on Sound Practices Concerning Complex Structured Finance Transactions
Extension without change of a currently approved collection   No
Regular
Approved without change 11/21/2017
Retrieve Notice of Action (NOA) 07/26/2017
  Inventory as of this Action Requested Previously Approved
11/30/2020 36 Months From Approved 11/30/2017
4 0 6
100 0 150
0 0 0

The Interagency Statement on Sound Practices Concerning Complex Structured Finance Transactions describes the types of internal controls and risk management procedures that the Agencies believe are particularly effective in assisting financial institutions to identify, evaluate, assess, document, and control the full range of credit, market, operational, legal and reputational risks. A financial institution that engages in complex structured finance transactions should maintain a set of formal, written, firm-wide policies and procedures that are designed to allow the institution to identify and assess these risks.

US Code: 12 USC 1819 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1831p-1 Name of Law: Federal Deposit Insurance Act
  
US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act

Not associated with rulemaking

  82 FR 19718 04/28/2017
82 FR 34668 07/26/2017
No

1
IC Title Form No. Form Name
Complex Structured Finance Transactions

  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 4 6 0 0 -2 0
Annual Time Burden (Hours) 100 150 0 0 -50 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
Uncollected
Jennifer Jones 202 551-5776 jonesjen@sec.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.
07/26/2017


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