Federal Register 60-Day Notice

2025 04 10_90 FR 15376_3235-0047_60-Day Collection Notice.pdf

Rule 204-3, Delivery of brochures and brochure supplements

Federal Register 60-Day Notice

OMB: 3235-0047

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15376

Federal Register / Vol. 90, No. 68 / Thursday, April 10, 2025 / Notices

be submitted by any of the following
methods:

SECURITIES AND EXCHANGE
COMMISSION

Electronic Comments

[SEC File No. 270–42, OMB Control No.
3235–0047]

• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include file number 10–
249 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.

lotter on DSK11XQN23PROD with NOTICES1

All submissions should refer to file
number 10–249. This file number
should be included on the subject line
if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/other.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to TXSE’s Form 1 filed
with the Commission, and all written
communications relating to the
application between the Commission
and any person, other than those that
may be withheld from the public in
accordance with the provisions of 5
U.S.C. 552, will be available for website
viewing and printing in the
Commission’s Public Reference Room,
100 F Street NE, Washington, DC 20549,
on official business days between the
hours of 10 a.m. and 3 p.m. Copies of
the filing also will be available for
inspection and copying at the principal
office of the Exchange. Do not include
personal identifiable information in
submissions; you should submit only
information that you wish to make
available publicly. We may redact in
part or withhold entirely from
publication submitted material that is
obscene or subject to copyright
protection. All submissions should refer
to file number 10–249 and should be
submitted on or before May 27, 2025.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Vanessa A. Countryman,
Secretary.
[FR Doc. 2025–06116 Filed 4–9–25; 8:45 am]
BILLING CODE 8011–01–P

6 17

CFR 200.30–3(a)(71)(i).

VerDate Sep<11>2014

16:18 Apr 09, 2025

Jkt 265001

Proposed Collection; Comment
Request; Extension: Rule 204–3
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
The title for the collection of
information is ‘‘Rule 204–3 (17 CFR
275.204–3) under the Investment
Advisers Act of 1940.’’ (15 U.S.C. 80b).
Rule 204–3, the ‘‘brochure rule,’’
requires advisers to deliver their
brochures and brochure supplements at
the start of an advisory relationship and
to deliver annually thereafter the full
updated brochure or a summary of
material changes to their brochure. The
rule also requires that advisers deliver
an amended brochure or brochure
supplement (or just a statement
describing the amendment) to clients
only when disciplinary information in
the brochure or supplement becomes
materially inaccurate. The brochure
assists the client in determining
whether to retain, or continue
employing, the adviser. The information
that Rule 204–3 requires to be contained
in the brochure is also used by the
Commission and staff in its
enforcement, regulatory, and
examination programs. This collection
of information is found at 17 CFR
275.204–3 and is mandatory.
The respondents to this information
collection are certain investment
advisers registered with the
Commission. Our latest data indicate
that there were 15,464 advisers
registered with the Commission as of
March 31, 2024. The Commission has
estimated that compliance with Rule
204–3 imposes a burden of
approximately 4.04 hours annually
based on advisers having a median of 95
clients each. Based on this figure, the
Commission estimates a total annual
burden of 62,525 hours for this
collection of information.
Rule 204–3 does not require
recordkeeping or record retention. The

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collection of information requirements
under the rule are mandatory. The
information collected pursuant to the
rule is not filed with the Commission,
but rather takes the form of disclosures
to clients and prospective clients.
Accordingly, these disclosures are not
kept confidential. An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid control number.
Written comments are invited on: (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimate of the burden of the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
by June 9, 2025.
Please direct your written comments
to: Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg, 100
F Street NE, Washington, DC 20549 or
send an email to:
[email protected].
Dated: April 7, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–06122 Filed 4–9–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–102772; File No. SR–
SAPPHIRE–2025–15]

Self-Regulatory Organizations; MIAX
Sapphire, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Adopt Exchange Rule
2005, Error Accounts
April 4, 2025.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 1,
2025, MIAX Sapphire, LLC (‘‘MIAX
Sapphire’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
1 15
2 17

E:\FR\FM\10APN1.SGM

U.S.C. 78s(b)(1).
CFR 240.19b–4.

10APN1


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