Exemption for Certain Investment Advisers Operating Through the Internet (Rule 203A-2(e))

ICR 202311-3235-029

OMB: 3235-0559

Federal Form Document

Forms and Documents
Supporting Statement A
IC Document Collections
ICR Details
3235-0559 202311-3235-029
Received in OIRA 202301-3235-006
SEC IM-270-501
Exemption for Certain Investment Advisers Operating Through the Internet (Rule 203A-2(e))
Revision of a currently approved collection   No
Regular 11/19/2023
  Requested Previously Approved
36 Months From Approved 05/31/2026
266 231
1,064 924
0 0

Rule 203A-2(e) of the Investment Advisers Act of 1940 sets forth an exemption from the prohibition on Commission registration for certain advisers operating through the internet.

US Code: 15 USC 80b-1 et seq. Name of Law: Investment Advisers Act of 1940

3235-AN31 Proposed rulemaking 88 FR 50076 08/01/2023


IC Title Form No. Form Name
Exemption for Certain Investment Advisers Operating through the Internet (Rule 203A-2(e))

  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 266 231 0 35 0 0
Annual Time Burden (Hours) 1,064 924 0 140 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Miscellaneous Actions
The revised burden for the proposed amendments to rule 203A-2(e) results from an increase in the number of advisers relying on the rule for Commission registration eligibility. The annual recordkeeping burden under the rule previously was 924 hours, or four hours per adviser for 231 advisers in total. Adjusting this number for the thirty-five additional advisers relying on the rule, the annual recordkeeping burden is revised from 924 hours to 1,024 hours.

Michael Schrader 202 551-6001


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.

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