Form ADV

Forms and Documents

Document Name	Status
Form SEC1707 Form ADV Form	Modified
PIA_Redacted.pdf Supplementary Document	2014-08-12
Supporting Statement for Form ADV 2014 Revision (Final).pdf Supporting Statement A	2014-08-12

IC Document Collections

IC ID	Document Title	Status
34137	Form ADV Form	Modified

ICR Details

OMB Control No: 3235-0049	ICR Reference No: 201404-3235-001
Status: Historical Active	Previous ICR Reference No: 201106-3235-019
Agency/Subagency: SEC	Agency Tracking No: IM-270-039
Title: Form ADV
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/10/2015
	Date Received in OIRA: 08/12/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2018	36 Months From Approved	02/28/2015
Responses	13,516	0	23,500
Time Burden (Hours)	154,402	0	246,652
Cost Burden (Dollars)	3,600,000	0	10,056,250

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Abstract: Form ADV under the Investment Advisers Act of 1940 is filed upon initial registration as an investment adviser and is also filed by exempt reporting advisers filing reports with the Commission, is updated on an annual basis by all advisers, and may be more frequently updated to correct certain material information.

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Authorizing Statute(s): US Code: 15 USC 80b-1 Name of Law: Investment Advisers Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 6661	02/04/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 20253	04/11/2014
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form ADV	SEC-1707, SEC-1707, SEC1707, SEC-1707, SEC 1707, SEC-1707, SEC 1707	Form ADV ,   ADV instructions ,   ADV Part 1B ,   ADV 1B Redline ,   Form ADV execution ,   ADV Part 2 ,   Form ADV

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ICR Summary of Burden

	Total Approved	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	13,516	23,500	0	0	-9,984	0
Annual Time Burden (Hours)	154,402	246,652	0	0	-92,250	0
Annual Cost Burden (Dollars)	3,600,000	10,056,250	0	0	-6,456,250	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: We have revised the estimated hour burden from 246,652 to 154,401.80 based on new information with respect to the estimated number of SEC-registered investment advisers and exempt reporting advisers. This new information is based on data derived from information submitted by advisers on Form ADVs filed through the IARD. The number of hours per response has not changed since the last estimate. The decrease in hour burden is due to a decrease in the estimated number of respondents making initial filings on Form ADV as both SEC-registered investment advisers and exempt reporting advisers. SEC registered investment advisers are also expected to incur an annual cost burden of $3,600,000, a reduction from the current approved cost burden of $10,056,250. The decrease in annual cost burden is attributed to the nature of the costs, which are one-time initial costs to draft the narrative brochure. The on-going costs arise from new registrants, a population that is much smaller now than at the time of the prior estimate.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/12/2014

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