Rule 206(3)-2 under the Investment Advisers Act of 1940 -- Agency Cross Transactions for Advisory Clients

ICR 201501-3235-007

OMB: 3235-0243

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-08-21
ICR Details
3235-0243 201501-3235-007
Historical Active 201204-3235-022
SEC IM-270-216
Rule 206(3)-2 under the Investment Advisers Act of 1940 -- Agency Cross Transactions for Advisory Clients
Extension without change of a currently approved collection   No
Regular
Approved without change 10/13/2015
Retrieve Notice of Action (NOA) 08/21/2015
  Inventory as of this Action Requested Previously Approved
10/31/2018 36 Months From Approved 10/31/2015
14,848 0 17,600
7,424 0 8,800
976,256 0 0

Rule 206(3)-2 permits an investment adviser to comply with Section 206(3) of the Investment Advisers Act of 1940 by obtaining a blanket consent from a client to enter into agency cross transactions provided that certain disclosures are made by the adviser to the client.

US Code: 15 USC 80b-1 Name of Law: Investment Advisers Act of 1940
  
None

Not associated with rulemaking

  80 FR 3672 01/23/2015
80 FR 16719 03/30/2015
No

1
IC Title Form No. Form Name
Rule 206(3)-2 under the Investment Advisers Act of 1940 -- Agency Cross Transactions for Advisory Clients

  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 14,848 17,600 0 0 -2,752 0
Annual Time Burden (Hours) 7,424 8,800 0 0 -1,376 0
Annual Cost Burden (Dollars) 976,256 0 0 0 976,256 0
No
No
Neither the number of responses per investment adviser nor the number of hours per response changed since the last estimate. However, the number of respondents has decreased from approximately 550 investment advisers to approximately 464 investment advisers. Accordingly, the total burden hours for all respondents has decreased from 8,800 hours to 7,424 hours. The decreased burden reflects the decrease in the estimated number of investment advisers relying on the rule since the last extension request.

$0
No
No
No
No
No
Uncollected
Paul Schlichting, Paul 202 551-4448

  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.
08/21/2015


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