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: 3235-0049	ICR Reference No: 202405-3235-004
Status: Active	Previous ICR Reference No: 202108-3235-017
Agency/Subagency: SEC	Agency Tracking No: IM-270-039
Title: Form ADV
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	10/31/2024
Responses	23,049	0	18,179
Time Burden (Hours)	247,109	0	433,004
Cost Burden (Dollars)	21,144,552	0	14,125,083

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form ADV	SEC 1707, SEC 1707, SEC 1707, SEC 1707, SEC 1707	, , , ,

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	23,049	18,179	4,870
Annual Time Burden (Hours)	247,109	433,004	-185,895
Annual Cost Burden (Dollars)	21,144,552	14,125,083	7,019,469

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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated annual burden hours associated with Form ADV has decreased from 433,004 hours to 247,108.93 hours (a decrease of 185,895.07). In addition, the external cost burden associated with Form ADV has increased from $14,125,083 to $21,144,551.78 (an increase of $7,019,468.78). The changes in annual burden hours and external cost burden are due to updated data, a change in our approach to calculating the initial and ongoing burdens of completing Form ADV, and our amendments to Form ADV to require an adviser providing advisory services through the internet and relying on rule 203A-2(e) for Commission registration under the Investment Advisers Act of 1940 to represent on Part 1A, Schedule D of its Form ADV that it has an operational interactive website.

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. Yes

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. Yes

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

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