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View ICR - OIRA Conclusion

OMB Control No: 3235-0689	ICR Reference No: 201106-3235-021
Status: Historical Active	Previous ICR Reference No: 201012-3235-008
Agency/Subagency: SEC	Agency Tracking No: IM-270-630
Title: Exemption for Certain Multi-State Investment Advisers (Rule 203A-2(d))
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/19/2011
	Date Received in OIRA: 07/19/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2014	36 Months From Approved
Responses	155	0	0
Time Burden (Hours)	1,240	0	0
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Potential Violation of the PRA
Annual Number of Responses	155	100	15	40
Annual Time Burden (Hours)	1,240	800	120	320
Annual Cost Burden (Dollars)	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: We estimate that approximately 100 additional advisers may rely on the provision the Dodd-Frank act added to the Advisers Act that permits an adviser with between $25 million and $100 million of assets under management to register with the Commission if the adviser is required to register as an adviser with 15 or more states. This would increase the burden of rule 203A-2(d) by 800. We also estimate that 15 small advisers with assets under management of $25 million or less would newly be eligible for the amended multi-state exemption, further increases the burden by 120 hours.

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