CCB Regulatory Reporting Requirements 3

Question 1

A bank holding company subject to the Federal Reserve's capital adequacy rules must submit which quarterly report?

Accepted Answer

FR Y-9C

Answer

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?

Accepted Answer

March 1

Answer

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?

Accepted Answer

Form 4

Answer

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?

Accepted Answer

Form 941

Answer

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?

Accepted Answer

To monitor market concentration and detect manipulation

Answer

Large Trader reporting allows the CFTC to monitor market concentration, identify potential manipulation, and conduct market surveillance.

(CCB) Certified Compliance and Business Specialist Practice Test

(CCB) Certified Compliance and Business Specialist Practice Test

CCB Regulatory Reporting Requirements 3