OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor an information collection
under the Paperwork Reduction Act of 1995. This action has no
effect on any current approvals. If OMB has assigned this ICR a new
OMB Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). The agency shall examine public comment
in response to the NPRM and will describe in the supporting
statement of its next collection any public comments received
regarding the collection as well as why (or why it did not)
incorporate the commenter’s recommendation. The next submission to
OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
08/31/2020
36 Months From Approved
08/31/2020
15,272
0
15,272
363,082
0
363,082
13,683,500
0
13,683,500
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 Name of Law: Investment Advisers Act of 1940
We estimate that with the
amendments to Form ADV that we are proposing, the total annual hour
burden for the form would be 436,962 hours. This is an increase of
73,880 hours from the currently approved burden estimates, which is
attributable primarily to which is attributable primarily to
proposed Form ADV Part 3; 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. Registered investment advisers are also
expected to incur an annual cost burden of $18,424,417, an increase
of $4,740,917 from the current approved cost burden estimate of
$13,683,500. The increase in annual cost burden is attributable to
proposed Part 3 and also to the larger registered investment
adviser and exempt reporting adviser population since the most
recent approval.
$0
No
Yes
Yes
No
No
No
Uncollected
Jennifer Songer 202
551-4608
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.