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

ICR 201805-3235-010

OMB: 3235-0242

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2018-12-20
Supplementary Document
2018-12-20
Supporting Statement A
2018-12-20
IC Document Collections
IC ID
Document
Title
Status
34677
Modified
ICR Details
3235-0242 201805-3235-010
Active 201505-3235-002
SEC IM-270-218
Rule 206(4)-3 under the Investment Advisers Act of 1940 (17 CFR 275.206(4)-3)
Extension without change of a currently approved collection   No
Regular
Approved without change 02/22/2019
Retrieve Notice of Action (NOA) 12/20/2018
  Inventory as of this Action Requested Previously Approved
02/28/2022 36 Months From Approved 02/28/2019
48,345 0 48,642
30,941 0 31,131
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 prior to engaging the adviser.

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

Not associated with rulemaking

  83 FR 24379 05/25/2018
83 FR 39486 08/09/2018
No

1
IC Title Form No. Form Name
Rule 206(4)-3

  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 48,345 48,642 0 0 -297 0
Annual Time Burden (Hours) 30,941 31,131 0 0 -190 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease of 297 responses and 190 hours are due to an extension without change of a currently approved collection. The decreases are due to a decrease in the number of registered investment advisers using rule 206(4)-3.

$0
No
    No
    No
No
No
No
Uncollected
Gena Lai 202 551-5589 [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.
12/20/2018


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