Form PF and rule 204(b)-1 under the
Investment Advisers Act of 1940 (“Advisers Act”) require certain
investment advisers registered with the SEC to report confidential
information about the private funds they advise. The rules
implement provisions of Title IV of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (“Dodd-Frank Act”), which
amended the Advisers Act to require the SEC to, among other things,
establish reporting requirements for advisers to private funds. The
information collected on Form PF is designed to facilitate the
Financial Stability Oversight Council’s (“FSOC”) monitoring of
systemic risk in the private fund industry and assist FSOC in
determining whether and how to deploy its regulatory tools with
respect to nonbank financial companies. The SEC and the Commodity
Futures Trading Commission (“CFTC”) also may use information
collected on Form PF in their regulatory programs, including
examinations, investigations, and investor protection efforts
relating to private fund advisers. Form PF is a joint form between
the SEC and the CFTC with respect to sections 1 and 2; the SEC
solely adopted the other sections of the form.
PL:
Pub.L. 111 - 203 404 Name of Law: Dodd-Frank Wall Street Reform
and Consumer Protection Act
US Code:
18 USC 80a-1 et seq. Name of Law: Investment Advisers Act of
1940
PL: Pub.L. 111 - 203 404 Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act
The aggregate annual estimate
of 3,388 respondents represents an increase of 163 respondents from
the previously approved estimate of 3,225 respondents. The
aggregate annual estimate of 5,363 responses represents an increase
of 307 responses from the previously approved estimate of 5,056
responses. The aggregate annual estimated time burden of 409,797
hours represents an increase of 29 hours from the previously
approved estimate of 409,768 hours. The aggregate annual estimated
monetized time burden of $116,054,007 represents a decrease of
$6,098,093 from the previously approved estimate of
$122,152,100.25. The aggregate annual estimated external cost
burden of $1,739,825 represents a decrease of $1,889,025 from the
previously approved estimate of $3,628,850. The changes are due to
proposed amendments, updated data, and using a new methodology for
certain estimates.
No
No
Yes
No
No
No
No
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.
Form SEC2048 Form PF and Rule 204(b)-1
Form PF and Rule 204(b)-1 Supporting Statement (IA-5950).pdf
Form PF and Rule 204(b)-1