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OMB Control No: 3235-0585	ICR Reference No: 202610-3235-005
Status: Received in OIRA	Previous ICR Reference No: 202407-3235-017
Agency/Subagency: SEC	Agency Tracking No: IM
Title: Investment Advisers Act rule 206(4)-7, 17 C.F.R. Sec. 275.206(4)- 7, Compliance procedures and practices.
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular	Date Submitted to OIRA: 10/14/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	12/31/2027
Responses	16,434	15,441
Time Burden (Hours)	1,307,805	1,389,690
Cost Burden (Dollars)	0	0

ICR Summary of Burden

	Total Request	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	16,434	15,441	993
Annual Time Burden (Hours)	1,307,805	1,389,690	-81,885
Annual Cost Burden (Dollars)	0	0	0

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: We estimate that the annual aggregate time burden associated with rule 206(4)-7 would decrease from 1,389,690 hours to 1,307,805.50 hours, resulting in a decrease of 81,884.50 hours. We estimate that the annual aggregate monetized cost burden would increase from $406,901,232 to $415,674,036.36, resulting in an increase of $8,772,804.36. The decrease in the estimated annual aggregate time burden is due to the impact on rule 206(4)-7 of the proposal to rescind rule 206(4)-5. The estimated increase in the annual aggregate cost burden is due an increase in the estimated number of SEC registered investment advisers and the change in the occupational wage methodology.

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: Mark Stewart 202 551-4410 stewartm@sec.gov

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