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View ICR - OIRA Conclusion

OMB Control No: 3235-0559	ICR Reference No: 202405-3235-002
Status: Active	Previous ICR Reference No: 202301-3235-006
Agency/Subagency: SEC	Agency Tracking No: IM-270-501
Title: Exemption for Certain Investment Advisers Operating Through the Internet (Rule 203A-2(e))
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/02/2024
	Date Received in OIRA: 05/22/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2027	36 Months From Approved	05/31/2026
Responses	271	0	231
Time Burden (Hours)	1,084	0	924
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	271	231	40
Annual Time Burden (Hours)	1,084	924	160
Annual Cost Burden (Dollars)	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The increased burden for rule 203A-2(e) results from an increase in the number of advisers relying on the rule for Commission registration eligibility. The annual recordkeeping burden under the rule previously was 924 hours, or four hours per adviser for 231 advisers in total. We estimate that there are currently 271 advisers relying on the rule. Accordingly, the annual recordkeeping burden is revised from 924 hours to 1,084 hours (reflecting the forty additional advisers relying on the rule).

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: Herman Brown 202 551-6110

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