Form ADV

ICR 202205-3235-042

OMB: 3235-0049

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2022-05-23
IC Document Collections
IC ID
Document
Title
Status
34137 Modified
ICR Details
3235-0049 202205-3235-042
Received in OIRA 202108-3235-017
SEC IM-270-039
Form ADV
Revision of a currently approved collection   No
Regular 05/23/2022
  Requested Previously Approved
36 Months From Approved 10/31/2024
20,619 18,179
335,749 433,004
32,949,695 14,125,083

Form ADV is a three-part investment adviser registration form. Part 1 of Form ADV contains information used primarily by the Securities and Exchange Commission (“Commission”) staff, and Part 2 is the client brochure. Part 3 requires registered investment advisers that offer services to retail investors to prepare and file with the Commission, post to the adviser’s website (if it has one), and deliver to retail investors a relationship summary. The Commission uses the information in Form ADV to determine eligibility for registration with us and to manage our regulatory and examination programs. Clients use the information required in Form ADV to determine whether to hire or retain an investment adviser, as well as what types of accounts and services are appropriate for their needs. The Commission uses the information on Form ADV to determine eligibility for registration and to manage regulatory and examination programs. Clients use the information required in Form ADV to determine whether to hire or retain an investment adviser.

US Code: 15 USC 80b-4 Name of Law: Investment Company Act of 1940
   US Code: 15 USC 80b-3(c)(1) Name of Law: Investment Company Act of 1940
   US Code: 15 USC 80a-37(a) Name of Law: Investment Company Act of 1940
   US Code: 15 USC 7sss(a) Name of Law: Trust Indenture Act of 1939
   US Code: 15 USC 78bb(e)(2) Name of Law: Exchange Act of 1934
   US Code: 15 USC 78w(a) Name of Law: Exchange Act of 1934
   US Code: 15 USC 77s(a) Name of Law: Securities Act of 1933
   US Code: 15 USC 80b-11(a) Name of Law: Investment Company Act of 1940
  
None

3235-AN08 Proposed rulemaking 87 FR 13524 03/09/2022

No

1
IC Title Form No. Form Name
Form ADV SEC 1707, SEC 1707, SEC 1707, SEC 1707, SEC 1707 Form ADV instructions ,   Form ADV Part1a ,   Form ADV Part 1B ,   Form ADV ,   Form ADV Execution

  Total Request 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 20,619 18,179 0 2,440 0 0
Annual Time Burden (Hours) 335,749 433,004 0 -97,255 0 0
Annual Cost Burden (Dollars) 32,949,695 14,125,083 0 18,824,612 0 0
No
Yes
Miscellaneous Actions
The estimated annual burden hours associated with Form ADV has decreased from 433,004 hours to 335,748.793hours (a decrease of 97,255.207 hours). In addition, the external cost burden associated with Form ADV has increased from $14,125,083 to $32,949,695.30 (an increase of $18,824,612.30). The changes in annual burden hours and external cost burden are due to our proposed amendments to Form ADV requiring advisers to provide clients and prospective clients with information regarding cybersecurity risks and significant cybersecurity incidents that have occurred in the past two years, and a change in the our approach to calculating the initial and ongoing burdens of completing Form ADV.

$0
No
    Yes
    Yes
No
No
No
No
Thomas Strumpf 202 551-3135

  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.
05/23/2022


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