Notice2021-26736
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to the Office of Management and Budget
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
December 10, 2021
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Registration of a Securities Holding Company (FR 2082; OMB No. 7100- 0347).
Full Text
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<title>Federal Register, Volume 86 Issue 235 (Friday, December 10, 2021)</title>
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[Federal Register Volume 86, Number 235 (Friday, December 10, 2021)]
[Notices]
[Pages 70497-70498]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-26736]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to the Office of
Management and Budget
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is adopting a proposal to extend for three years, without revision, the
Registration of a Securities Holding Company (FR 2082; OMB No. 7100-
0347).
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, Washington, DC 20551, (202)
452-3829.
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information conducted or
sponsored by the Board. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. The OMB inventory, as well as copies of the
PRA Submission, supporting statements, and approved collection of
information
[[Page 70498]]
instrument(s) are available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents are also available on the Federal Reserve
Board's public website at <a href="https://www.federalreserve.gov/apps/reportforms/review.aspx">https://www.federalreserve.gov/apps/reportforms/review.aspx</a> or may be requested from the agency clearance
officer, whose name appears above.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Report title: Registration of a Securities Holding Company.
Agency form number: FR 2082.
OMB control number: 7100-0347.
Frequency: On occasion.
Respondents: Certain nonbank companies that own at least one
registered securities broker or dealer and which elect to become a
supervised securities holding company (SHC).
Estimated number of respondents: 1.
Estimated average hours per response: 8.
Estimated annual burden hours: 8.
General description of report: The FR 2082 registration form is
used whenever an SHC elects to register to become subject to
supervision by the Board pursuant to section 618 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (Dodd-Frank Act).\1\
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\1\ See Dodd-Frank Act, Public Law 111-203, 124 Stat. 1376
(2010).
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The FR 2082 requests the following from the registering SHC: An
organization chart (including all subsidiaries); information regarding
certain of the SHC's subsidiaries; shareholder reports and financial
statements; information regarding the SHC's shareholders, senior
officers and directors; information regarding the methods used by the
SHC to monitor and control its operations; information regarding the
SHC's foreign subsidiaries that are subject to comprehensive
consolidated supervision and the regulatory system in which these
foreign subsidiaries operate; and information regarding any other
regulatory capital framework to which the SHC is subject. The
information collected by the FR 2082 registration form is used by the
Federal Reserve System to determine whether the registrant meets the
requirements to become a supervised SHC and to complete the
registration.
Legal authorization and confidentiality: The FR 2082 is authorized
by section 618(b)(2)(A) of the Dodd-Frank Act, which requires companies
that elect SHC status to register by filing with the Board such
information and documents as the Board, by regulation, may prescribe.
Submission of the FR 2082 is required to obtain a benefit.
The information provided on the FR 2082 form and in connection with
an SHC's registration is generally considered public. Firms may request
certain information provided in connection with the FR 2082 be kept
confidential under the Freedom of Information Act (FOIA) in accordance
with the Board's Rules Regarding Availability of Information.\2\
Confidential commercial or financial information that is both
customarily and actually treated as private may be kept confidential
under FOIA exemption 4.\3\ Personal and biographical information of
individuals required as part of the registration may be treated as
confidential under FOIA exemption 6 if its disclosure ``would
constitute a clearly unwarranted invasion of personal privacy.'' \4\
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\2\ 12 CFR 261.17.
\3\ 12 U.S.C. 552(b)(4).
\4\ 12 U.S.C. 552(b)(6).
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Current actions: On September 1, 2021, the Board published a notice
in the Federal Register (86 FR 49029) requesting public comment for 60
days on the extension, without revision, of the Registration of a
Securities Holding Company. The comment period for this notice expired
on November 1, 2021. The Board did not receive any comments.
Board of Governors of the Federal Reserve System, December 6,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-26736 Filed 12-9-21; 8:45 am]
BILLING CODE 6210-01-P
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