View Information Collection Request (ICR) Package

Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.

View ICR - OIRA Conclusion

OMB Control No: 3235-0243	ICR Reference No: 202108-3235-008
Status: Historical Active	Previous ICR Reference No: 201801-3235-009
Agency/Subagency: SEC	Agency Tracking No: IM-270-216
Title: Rule 206(3)-2 under the Investment Advisers Act of 1940 -- Agency Cross Transactions for Advisory Clients
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 04/18/2022
	Date Received in OIRA: 03/03/2022
Terms of Clearance: Short statement clarified during OMB review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2025	36 Months From Approved
Responses	18,900	0	0
Time Burden (Hours)	9,450	0	0
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	18,900	-2,400	21,300
Annual Time Burden (Hours)	9,450	-1,200	10,650
Annual Cost Burden (Dollars)	0	-1,445,738	1,445,738

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 number of respondents has decreased from approximately 426 investment advisers to 378 investment advisers. In addition, the number of clients for whom the investment adviser engages in agency cross transactions has increased from approximately 16 clients to approximately 22 clients. We are not aware of other data suggesting revisions to the estimates of estimates result in an average of 50 responses per respondent each year for a total of 18,900 responses annually. Accordingly, the total burden hours for all respondents has decreased from 10,650 hours to 9,450 hours. The decreased burden reflects the net effect of a decrease in the estimated number of investment advisers relying on the rule and an decrease in the estimated number of clients for whom the investment adviser engages in agency cross transactions, since the last extension request.

Annual Cost to Federal Government: $0

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

Agency Contact: Brad Johnson 202 551-4161 johnsonb@sec.gov

Something went wrong when downloading this file. If you have any questions, please send an email to risc@gsa.gov.