to any covered transaction may submit to the Committee a declaration with basic information regarding the transaction instead of a written notice under clause (i). (II) Regulations The Committee shall prescribe regulations establishing requirements for declarations submitted under this clause. In prescribing such regulations, the Committee shall ensure that such declarations are submitted as abbreviated notifications that would not generally exceed 5 pages in length. (III) Committee response to declaration (aa) In general Upon receiving a declaration under this clause with respect to a covered transaction, the Committee may, at the discretion of the Committee— (AA) request that the parties to the transaction file a written notice under clause (i)