Federal Register #3064-0184

FDIC Requests Comment on Volcker Rule Information Collection Renewal

This opportunity is a regulatory notice from the Federal Deposit Insurance Corporation (FDIC) regarding the renewal of an information collection related to the Volcker Rule: - Government Buyer: - Federal Deposit Insurance Corporation (FDIC) - Purpose: - Soliciting public and agency comments on the renewal of an existing information collection (OMB Control No. 3064-0184) - The collection pertains to the Volcker Rule, which restricts proprietary trading and certain relationships with hedge funds and private equity funds for FDIC-supervised insured depository institutions - Requirements: - Reporting, recordkeeping, and third-party disclosure obligations for covered institutions as implemented in 12 CFR part 351 - Estimated annual burden is 3,815 hours, reflecting a decrease due to fewer respondents - FDIC is seeking feedback on the necessity, accuracy, and burden of the information collection, as well as suggestions for minimizing respondent burden - No procurement of products or services is involved - No OEMs or vendors are mentioned, as this is not a solicitation for goods or services

Description

The Federal Deposit Insurance Corporation (FDIC) is seeking comments on the renewal, without change, of an existing information collection related to the Volcker Rule restrictions on proprietary trading and relationships with hedge funds and private equity funds. This collection involves reporting, recordkeeping, and third-party disclosure requirements for FDIC-supervised insured depository institutions subject to these regulations. The estimated annual burden for this collection is 3,815 hours, reflecting a decrease due to fewer respondents. Comments are invited on the necessity, accuracy, and ways to minimize the burden of this information collection.

View original listing