Notice2021-24132
Submission for OMB Review; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 5, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 212 (Friday, November 5, 2021)</title>
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[Federal Register Volume 86, Number 212 (Friday, November 5, 2021)]
[Notices]
[Page 61336]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-24132]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-560, OMB Control No. 3235-0622]
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Extension:
Interagency Statement on Sound Practices
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.) the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
previously approved collection of information provided for in the
Interagency Statement on Sound Practices Concerning Elevated Risk
Complex Structured Finance Activities (``Statement'') under the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange
Act'') and the Investment Advisers Act of 1940 (15 U.S.C. 80b et seq.)
(``Advisers Act'').
The Statement was issued by the Commission, together with the
Office of the Comptroller of the Currency, the Board of Governors of
the Federal Reserve System, the Federal Deposit Insurance Corporation,
and the Office of Thrift Supervision (together, the ``Agencies''), in
May 2006. The Statement describes the types of internal controls and
risk management procedures that the Agencies believe are particularly
effective in assisting financial institutions to identify and address
the reputational, legal, and other risks associated with elevated risk
complex structured finance transactions.
The primary purpose of the Statement is to ensure that these
transactions receive enhanced scrutiny by the institution and to ensure
that the institution does not participate in illegal or inappropriate
transactions.
The Commission estimates that approximately 5 registered broker-
dealers or investment advisers will spend an average of approximately
25 hours per year complying with the Statement. Thus, the total time
burden is estimated to be approximately 125 hours per year.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o John R. Pezzullo, 100 F Street NE, Washington, DC 20549, or by
sending an email to: <a href="/cdn-cgi/l/email-protection#baeae8fbe5f7dbd3d6d8d5c2fac9dfd994ddd5cc"><span class="__cf_email__" data-cfemail="154547544a58747c79777a6d556670763b727a63">[email protected]</span></a>.
Dated: November 1, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-24132 Filed 11-4-21; 8:45 am]
BILLING CODE 8011-01-P
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