Document ID: SEC-2020-0740-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2020-05-07T04:00Z

[Federal Register Volume 85, Number 89 (Thursday, May 7, 2020)]
[Notices]
[Page 27254]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09797]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

Extension:
    Rule 0-2, Form ADV-NR, SEC File No. 270-214, OMB Control No. 
3235-0240

    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 0-2 and Form 
ADV-NR under the Investment Advisers Act of 1940.'' Rule 0-2 and Form 
ADV-NR facilitate service of process on a non-resident investment 
adviser, or on a non-resident general partner or non-resident managing 
agent of an investment adviser. Form ADV-NR designates the Secretary of 
the Commission, among others, as the non-resident general partner's or 
non-resident managing agent's agent for service of process. The 
collection of information is necessary for us to obtain appropriate 
consent to permit the Commission and other parties to bring actions 
against non-resident partners and agents for violations of the federal 
securities laws and to enable the commencement of legal and/or 
regulatory actions against investment advisers that are doing business 
in the United States, but are not residents.
    The respondents to this information collection would be each non-
resident general partner or non-resident managing agent of an SEC-
registered investment adviser and each non-resident general partner or 
non-resident managing agent of an exempt reporting adviser. The 
Commission has estimated that compliance with the requirement to 
complete Form ADV-NR imposes a total burden of approximately 1.0 hours 
for an adviser. Based on our experience with these filings, we estimate 
that we will receive 53 Form ADV-NR filings annually. Based on the 1.0 
hours per respondent estimate, the Commission staff estimates a total 
annual burden of 53 hours for this collection of information.
    Rule 0-2 and Form ADV-NR do not require recordkeeping or records 
retention. The collection of information requirements under the rule 
and form is mandatory. The information collected pursuant to Rule 0-2 
and Form ADV-NR is a filing with the Commission. This filing is not 
kept confidential and must be preserved until at least three years 
after termination of the enterprise. 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 agency, including whether the information will 
have practical utility; (b) the accuracy of the agency'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 in writing within 60 
days of this publication. An agency may not conduct or sponsor a 
collection of information unless it displays a currently valid OMB 
control number. No person shall be subject to any penalty for failing 
to comply with a collection of information subject to the PRA that does 
not display a valid OMB control number.
    Please direct your written comments to David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to: 
PRA_Mailbox@sec.gov.

    Dated: May 4, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-09797 Filed 5-6-20; 8:45 am]
 BILLING CODE 8011-01-P