Form ADV

ICR 201609-3235-022

OMB: 3235-0049

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2017-05-23
Supporting Statement A
2017-05-30
IC Document Collections
IC ID
Document
Title
Status
34137 Modified
ICR Details
3235-0049 201609-3235-022
Historical Active 201404-3235-001
SEC IM-270-039
Form ADV
Revision of a currently approved collection   No
Regular
Approved with change 08/23/2017
Retrieve Notice of Action (NOA) 01/03/2017
Updated during review.
  Inventory as of this Action Requested Previously Approved
08/31/2020 36 Months From Approved 02/28/2018
15,272 0 13,516
363,082 0 154,402
13,683,500 0 3,600,000

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.

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

3235-AL75 Final or interim final rulemaking 81 FR 60417 09/01/2016

Yes

1
IC Title Form No. Form Name
Form ADV SEC 1707, SEC 1707, SEC 1707, SEC 1707, SEC 1707 Form ADV instructions ,   Form ADV Part1a ,   Form ADV Part 1B ,   Form ADV ,   Form ADV Execution

  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 15,272 13,516 0 0 1,756 0
Annual Time Burden (Hours) 363,082 154,402 0 0 208,680 0
Annual Cost Burden (Dollars) 13,683,500 3,600,000 0 0 10,083,500 0
No
No
We estimate that amendments to Form ADV, the revised total aggregate annual hour burden for the form will be approximately 363,082 hours. This is an increase of 208,680 hours from the currently approved annual aggregate burden estimate, which is attributable primarily to the currently approved burden estimate not considering the amortized annual burden of Form ADV on existing registered advisers and exempt reporting advisers; but also to the larger registered investment adviser and exempt reporting adviser population since the most recent approval, adjustments for inflation, and the amendments to Form ADV. The resulting blended average per adviser burden for Form ADV is 23.77 hours, which consists of an average annual burden of 29.22 hours for each of the estimated 12,024 SEC registered advisers, and 3.60 hours for each of the estimated 3,248 exempt reporting advisers. Registered investment advisers are also expected to incur an annual cost burden of $13,683,500, an increase of $10,083,500 from the current approved cost burden estimate of $3,600,000. The increase in annual cost burden is attributable to the currently approved burden not considering the cost to advisers to fair value private fund assets. We do not anticipate that the amendments we are adopting to Form ADV will affect the per adviser cost burden estimates.

$0
No
    Yes
    Yes
No
No
No
Uncollected
Bridget Farrell 202 551-6834

  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.
01/03/2017


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