Rule 206(4)-3 under the Investment Advisers Act of 1940 (17 CFR 275.206(4)-3)

ICR 200908-3235-001

OMB: 3235-0242

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-11-10
IC Document Collections
ICR Details
3235-0242 200908-3235-001
Historical Inactive 200708-3235-020
SEC IM-270-218
Rule 206(4)-3 under the Investment Advisers Act of 1940 (17 CFR 275.206(4)-3)
Revision of a currently approved collection   No
Regular
Preapproved 11/10/2009
Retrieve Notice of Action (NOA) 08/18/2009
Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.
  Inventory as of this Action Requested Previously Approved
11/30/2012 36 Months From Approved 03/31/2011
24,948 0 23,793
15,332 0 15,228
0 0 0

Rule 206(4)-3 imposes restrictions on cash payments for client solicitations and imposes certain disclosure requirements. The information is necessary to inform advisory clients about the nature of a solicitor's financial interest in a recommendation so clients may consider the solicitor's potential bias.

US Code: 15 USC 80b-6 Name of Law: Investment Advisers Act of 1940
  
None

3235-AK39 Proposed rulemaking 74 FR 39840 08/07/2009

No

1
IC Title Form No. Form Name
Rule 206(4)-3 under the Investment Advisers Act of 1940 (17 CFR 275.206(4)-3)

  Total Request 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 24,948 23,793 0 0 1,155 0
Annual Time Burden (Hours) 15,332 15,228 0 -636 740 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Changing Regulations
Under the proposed amendments, each respondent would be prohibitied from certain solicitation activities with respect to government clients, which would eliminate the need to enter into and retain the written agreement requred under rule 206(4)-3 with respect to those clients.

$0
No
No
Uncollected
Uncollected
No
Uncollected
Melissa Roverts 202 551-6730 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
08/18/2009


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