Rule 17i-4 (17 CFR 240.17i-4): Internal Risk Management Control System Requirements for Supervised Investment Bank Holding Companies.

Forms and Documents

Document Name	Status
2009 17i-4 Supporting Statement.doc Supporting Statement A	2009-11-02

IC Document Collections

IC ID	Document Title	Status
43050	Rule 17i-4 (17 CFR 240.17i-4): Internal Risk Management Control System Requirements for Supervised Investment Bank Holding Companies.	Modified

ICR Details

OMB Control No: 3235-0594	ICR Reference No: 200911-3235-003
Status: Historical Active	Previous ICR Reference No: 200611-3235-001
Agency/Subagency: SEC	Agency Tracking No: TM-270-530
Title: Rule 17i-4 (17 CFR 240.17i-4): Internal Risk Management Control System Requirements for Supervised Investment Bank Holding Companies.
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/22/2010
	Date Received in OIRA: 01/13/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2013	36 Months From Approved	03/31/2010
Responses	3	0	3
Time Burden (Hours)	11,550	0	11,550
Cost Burden (Dollars)	4,125,000	0	4,125,000

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Abstract: Rule 17i-4 requires an SIBHC to establish, document, and maintain a system of internal risk management controls (including procedures for the detection and prevention of money laundering and terrorist financing), and periodically review this internal risk management control system for integrity of the risk measurement, monitoring, and management process, and accountability, at the appropriate organizational level, for defining the permitted scope of activity and level or risk.

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Authorizing Statute(s): US Code: 15 USC 78q(i) Name of Law: Securities Exchange Act of 1934
   PL: Pub.L. 106 - 102 231 Name of Law: Gramm-Leach-Bliley Act of 1999
  

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:
	74 FR 54862	10/23/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 1003	01/07/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Rule 17i-4 (17 CFR 240.17i-4): Internal Risk Management Control System Requirements for Supervised Investment Bank Holding Companies.

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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	3	3	0	0	0	0
Annual Time Burden (Hours)	11,550	11,550	0	0	0	0
Annual Cost Burden (Dollars)	4,125,000	4,125,000	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:

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Annual Cost to Federal Government: $0

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

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: 01/13/2010

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