Exemption for Certain Multi-State Investment Advisers (Rule 203A-2(d))

Forms and Documents

Document	Type	Status	Availability
3235-0689_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2026-04-13	Available
20260129_3235-0689_2026-01767_91 FR 3944_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2026-01-29	Available
Supporting Statement_Rule 203A-2(d) (2026).pdf	Supporting Statement A	Uploaded 2026-01-26	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
195677	Exemption for Certain Multi-State Investment Advisers (Rule 203A-2(d))		Modified

ICR Details

OMB Control No: 3235-0689	ICR Reference No: 202601-3235-016
Status: Received in OIRA	Previous ICR Reference No: 202303-3235-002
Agency/Subagency: SEC	Agency Tracking No: IM
Title: Exemption for Certain Multi-State Investment Advisers (Rule 203A-2(d))
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 04/13/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2026
Responses	122	110
Time Burden (Hours)	976	880
Cost Burden (Dollars)	0	0

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Abstract: Rule 203A-2(d) under the Investment Advisers Act of 1940 permits all investment advisers required to register as advisers with 15 or more states to register with the Commission, and requires any adviser relying on the rule to maintain in an easily accessible place a record of the states in which the investment adviser has determined it would be required to register for a period of not less that five years from the filing of a Form ADV relying on the rule.

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Authorizing Statute(s): US Code: 15 USC 80b-3a(c) Name of Law: Investment Advisers Act of 1940
   US Code: 15 USC 80b-11(a) Name of Law: Investment Advisers Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 3944	01/29/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 18938	04/13/2026
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Exemption for Certain Multi-State Investment Advisers (Rule 203A-2(d))

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ICR Summary of Burden

	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	122	110	0	0	12	0
Annual Time Burden (Hours)	976	880	0	0	96	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The revised estimated number of respondents from 110 respondents to 122 respondents, which is an increase of 12 respondents. The revised estimated aggregate number of responses from 110 responses to 122 responses, which is an increase of 12 responses. We continue to estimate a time burden of 8 hours per response. The revised estimated aggregate time burden from 880 hours to 976 hours, which is an increase of 96 hours. The revised estimated monetized time burden per response from $3,200 to $3,024, which is a decrease of $176. The revised estimated aggregate monetized time burden from $352,000 to $368,928, which is an increase of $16,928. We continue to estimate $0 cost burdens.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 04/13/2026

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