Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in the custody of an investment adviser

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 2223 form ADV-E	Form and Instruction	Modified	Available
30 day notice for form ADV-E.pdf	Supplementary Document	Uploaded 2018-12-18	Available
60 day notice for Form ADV-E.pdf	Supplementary Document	Uploaded 2018-12-18	Available
Supporting Statement ADV-E.pdf	Supporting Statement A	Uploaded 2018-12-18	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34918	Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in custody of an investment adviser.	Form and Instruction	Modified	form ADV-E

ICR Details

OMB Control No: 3235-0361	ICR Reference No: 201804-3235-013
Status: Historical Active	Previous ICR Reference No: 201506-3235-006
Agency/Subagency: SEC	Agency Tracking No: IM-270-318
Title: Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in the custody of an investment adviser
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: 03/05/2019
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/18/2018
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2022	36 Months From Approved	03/31/2019
Responses	1,787	0	1,519
Time Burden (Hours)	89	0	76
Cost Burden (Dollars)	0	0	0

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Abstract: Form ADV-E is the cover sheet for accountant examination certificates filed pursuant to rule 206(4)-2 under the Investment Advisers Act by certain investment advisers retaining custody of client securities or funds.

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Authorizing Statute(s): US Code: 15 USC 80b-6 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:
	83 FR 22558	05/15/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 39484	08/09/2018
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in custody of an investment adviser.	2223	form ADV-E

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ICR Summary of Burden

table that charts list 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	1,787	1,519	0	0	268	0
Annual Time Burden (Hours)	89	76	0	0	13	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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: The increase in the hour burden is attributable to an increase in the number of SEC-registered advisers that are subject to the surprise examination requirement. As a result, more advisers are required to file Form ADV-E resulting in the estimated annual burden hours increasing from 75.95 to 89.35 and the number of responses increasing from 1,519 to 1,787.

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Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 12/18/2018

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