Recordkeeping Requirements Associated with Regulation GG

Forms and Documents

Document Name	Status
FR4026_20180524_83c.pdf Justification for No Material/Nonsubstantive Change	2018-05-24

IC Document Collections

IC ID	Document Title	Status
218058	De novo institutions	Unchanged
199144	Money transmitting business operators	Modified
187162	Credit unions	Modified
182209	Card system operators	Unchanged
182208	Depository institutions	Modified

ICR Details

OMB Control No: 7100-0317	ICR Reference No: 201712-7100-018
Status: Historical Active	Previous ICR Reference No: 201508-7100-007
Agency/Subagency: FRS	Agency Tracking No: FR 4026
Title: Recordkeeping Requirements Associated with Regulation GG
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/24/2018
	Date Received in OIRA: 05/24/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2018	08/31/2018	08/31/2018
Responses	5,520	0	6,229
Time Burden (Hours)	44,436	0	50,108
Cost Burden (Dollars)	0	0	0

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Abstract: On November 18, 2008, the Board and the Secretary of the Treasury (the Agencies) published a joint notice of final rulemaking in the Federal Register (73 FR 69382) adopting joint regulations (the Board's requirements are contained in Regulation GG). Regulation GG includes requirements implementing applicable provisions of section 802 of the Unlawful Internet Gambling Enforcement Act of 2006 (the Act). Regulation GG, as required by the Act, requires participants in designated payment systems to establish written policies and procedures reasonably designed to identify and block or otherwise prevent or prohibit transactions in connection with unlawful Internet gambling. The collection of information is set out in sections 5 and 6 of Regulation GG.

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Authorizing Statute(s): US Code: 31 USC 5364(a) Name of Law: Unlawful Internet Gambling Enforcement Act
  

Citations for New Statutory Requirements: None

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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:
	80 FR 32559	06/09/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 52279	08/28/2015
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
De novo institutions
Money transmitting business operators
Card system operators
Depository institutions
Credit unions

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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	5,520	6,229	0	0	-709	0
Annual Time Burden (Hours)	44,436	50,108	0	0	-5,672	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: The decrease in burden hours is due to a decrease in the number of respondents.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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]? No

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: 05/24/2018

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