CCB Regulatory Reporting Requirements 3 — Questions and Answers
Question 1: A bank holding company subject to the Federal Reserve's capital adequacy rules must submit which quarterly report?
- Call Report (FFIEC 031/041)
- FR Y-9C (Correct answer)
- HMDA LAR
- Form Y-14Q
Correct answer: FR Y-9C
Bank holding companies with $1 billion or more in total assets must file the FR Y-9C Consolidated Financial Statements for Holding Companies quarterly with the Federal Reserve.
Question 2: Under the Home Mortgage Disclosure Act (HMDA), covered lenders must submit their Loan Application Register (LAR) by what date each year?
- January 31
- March 1 (Correct answer)
- April 15
- June 30
Correct answer: March 1
HMDA requires covered financial institutions to submit their annual Loan Application Register to their federal supervisory agency by March 1.
Question 3: Which SEC form must insiders (officers, directors, 10%+ shareholders) use to report beneficial ownership changes within two business days?
- Form 3
- Form 4 (Correct answer)
- Form 5
- Schedule 13D
Correct answer: Form 4
Form 4 must be filed with the SEC within two business days of a transaction involving a company's securities by a reporting insider.
Question 4: Under CARES Act and subsequent legislation, employers claiming Employee Retention Credits must reconcile those credits on which payroll tax form?
- Form 940
- Form 941 (Correct answer)
- Form 945
- Form W-3
Correct answer: Form 941
Employers report and reconcile Employee Retention Credits on Form 941, the Employer's Quarterly Federal Tax Return.
Question 5: The CFTC requires swap dealers to submit Large Trader reports. What is the primary purpose of these position reports?
- To assess counterparty credit risk
- To monitor market concentration and detect manipulation (Correct answer)
- To calculate margin requirements
- To determine registration thresholds
Correct answer: To monitor market concentration and detect manipulation
Large Trader reporting allows the CFTC to monitor market concentration, identify potential manipulation, and conduct market surveillance.
Question 6: A pharmaceutical company must report an unexpected serious adverse drug event to the FDA within how many calendar days under 21 CFR Part 314?
- 3 days
- 7 days
- 15 days (Correct answer)
- 30 days
Correct answer: 15 days
Under 21 CFR 314.81, NDA holders must report unexpected serious adverse drug experiences to the FDA within 15 calendar days of receipt.
Question 7: Which report do publicly traded companies use to disclose material events between quarterly SEC filings?
- Form 10-Q amendment
- Form 8-K (Correct answer)
- Form NT 10-Q
- Schedule TO
Correct answer: Form 8-K
Form 8-K is the current report that public companies must file with the SEC to disclose material corporate events between quarterly or annual filings.
CCB Regulatory Reporting Requirements 3
A bank holding company subject to the Federal Reserve's capital adequacy rules must submit which quarterly report?