Rule 204-3 (17 CFR 275.204-3) under the Investment Advisers Act of 1940

ICR 201905-3235-011

OMB: 3235-0047

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
3235-0047 201905-3235-011
Active 201602-3235-006
SEC IM-270-42
Rule 204-3 (17 CFR 275.204-3) under the Investment Advisers Act of 1940
Extension without change of a currently approved collection   No
Regular
Approved with change 11/13/2019
Retrieve Notice of Action (NOA) 08/06/2019
  Inventory as of this Action Requested Previously Approved
11/30/2022 36 Months From Approved 11/30/2019
13,832 0 12,554
49,090 0 466,145
0 0 0

The rule requires investment advisers to deliver to their clients a written disclosure statement, or "brochure," of specified information concerning the background and business practices of the investment adviser. Investors use the information to determine whether to retain or continue to employ the investment adviser.

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

Not associated with rulemaking

  84 FR 24563 05/28/2019
84 FR 37363 07/31/2019
No

1
IC Title Form No. Form Name
Rule 204-3 under the Investment Advisers Act of 1940 -- Written Disclosure Statements

  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 13,832 12,554 0 0 1,278 0
Annual Time Burden (Hours) 49,090 466,145 0 0 -417,055 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The estimated total burden hours has decreased from 466,145 to 49,090 hours per year in aggregate, representing a decrease of 417,055 hours per year from the currently approved burden. This revised estimate is primarily due to (i) changing how we estimate the number of clients of each adviser by using the median number of clients rather than an average number of clients and (ii) new information on the number of SEC-registered investment advisers that we obtained from Form ADVs filed through the IARD as of March 31, 2019. The estimated number of annual responses has increased from approximately 12,554 to 13,382, representing an increase of 1,278 responses from the currently approved number of responses. This revised estimate is primarily due to new information on the number of SEC-registered investment advisers that we obtained from Form ADVs filed through the IARD as of March 31, 2019.

$0
No
    No
    No
No
No
No
Uncollected
Alexis Palascak 202 551-6246

  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.
08/06/2019


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