Document ID: SEC-2020-1031-0002
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2020-08-24T04:00Z

[Federal Register Volume 85, Number 164 (Monday, August 24, 2020)]
[Notices]
[Pages 52173-52174]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-18499]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-39, OMB Control No. 3235-0049]

Submission for OMB Review; 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:
    Form ADV

    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 (the ``Commission'') has submitted to the Office of 
Management and Budget (``OMB'') a request for extension of the 
previously approved collection of information discussed below.
    The title for the collection of information is ``Form ADV under the 
Investment Advisers Act of 1940.'' 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 (the 
``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 on 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. This collection of information is found at 
17 CFR 279.1, 17 CFR 275.203-1, 17 CFR 275.204-1 and 17 CFR 275.204-4 
and is mandatory.
    The Commission's examination staff use the information to determine 
eligibility for registration with us and to manage our regulatory, 
examination, and enforcement programs; it will be accorded the same 
level of confidentiality accorded to other responses provided to the 
Commission in the context of its examination and oversight program.
    The respondents to this information collection are investment 
advisers registered with the Commission. Our latest data indicate that 
there were 13,520 advisers registered with the Commission as of January 
30, 2020. The Commission has estimated that Form ADV imposes an annual 
burden of approximately 26.19 hours per respondent. Based on this 
figure, the Commission estimates a total annual burden of 466,505 hours 
for this collection of information.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular

[[Page 52174]]

information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Written 
comments and recommendations for the proposed information collection 
should be sent within 30 days of publication of this notice to (i) 
www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549, or by sending an email 
to: PRA_Mailbox@sec.gov.

    Dated: August 19, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-18499 Filed 8-21-20; 8:45 am]
BILLING CODE 8011-01-P