5 Feb 2025
📄Proposed Recordkeeping Provisions by Federal Reserve for Financial Institutions
Proposed Agency Information Collection Activities; Comment Request
Summary
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022; OMB No. 7100-0311).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The proposed extension of the Recordkeeping Provisions associated with complex structured finance activities (CSFTs) requires compliance from financial institutions, impacting their operational practices and regulatory responsibilities. Businesses must evaluate and possibly enhance their recordkeeping policies to adhere to the outlined requirements.