Rule 204-2 under the
Investment Advisers Act of 1940
Revision of a currently approved collection
No
Regular
10/23/2020
Requested
Previously Approved
36 Months From Approved
10/31/2022
13,463
13,299
2,607,783
2,435,364
0
0
Registered advisers would be required
to retain copies of advertisements delivered to more than 1 person;
written approvals of advertisements; certain records related to
third-party ratings used in advertisements; documents related to an
adviser's determination that its solicitors have complied with the
solicitation rule, as applicable; and certain documents related an
adviser's participation in a nonprofit solicitation program. The
purpose of the information collection is to assist the SEC's
examination and oversight program in determining compliance with
the Advisers Act.
US Code:
15
USC 80b Name of Law: Investment Advisers Act of 1940
PL: Pub.L. 111 - 213 410 Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act
We estimate that the total
burden hours associated with rule 204-2 will increase from
2,435,364 hours per year to 2,607,783 hours per year because of the
amendments to rule 204-2. This increase is attributable to a larger
registered investment adviser population since the most recent
approval, as well as the rule 204-2 amendments relating to
advertising and solicitation.
$0
No
No
No
No
No
No
No
Christopher Staley 202
551-8475
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.