[Federal Register Volume 79, Number 69 (Thursday, April 10, 2014)]
[Notices]
[Pages 19933-19934]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-08001]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0313, SEC File No. 270-40]
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 203-2 and Form ADV-W.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
The title for the collection of information is ``Rule 203-2 (17 CFR
275.203-2) and Form ADV-W (17 CFR 279.2) under the Investment Advisers
Act of 1940 (15 U.S.C. 80b).'' Rule 203-2 under the Investment Advisers
Act of 1940 establishes procedures for an investment adviser to
withdraw its registration with the Commission. Rule 203-2 requires
every person withdrawing from investment adviser registration with the
Commission to file Form ADV-W electronically on the Investment Adviser
Registration Depository (``IARD''). The purpose of the information
collection is to notify the Commission and the public when an
investment adviser withdraws its pending or approved SEC registration.
Typically, an investment adviser files a Form ADV-W when it ceases
doing business or when it is ineligible to remain registered with the
Commission.
The respondents to the collection of information are all investment
advisers that are registered with the Commission or have applications
pending for registration. The Commission has estimated that compliance
with the requirement to complete Form ADV-W imposes a total burden of
approximately 0.75 hours (45 minutes) for an adviser filing for full
withdrawal and approximately 0.25 hours (15 minutes) for an adviser
filing for partial withdrawal. Based on historical filings, the
Commission estimates that there are approximately 600 respondents
annually filing for full withdrawal and approximately 200 respondents
annually filing for partial withdrawal. Based on these estimates, the
total estimated annual burden would be 500 hours ((600 respondents x
.75 hours) + (200 respondents x .25 hours)).
Rule 203-2 and Form ADV-W do not require recordkeeping or records
retention. The collection of information requirements under the rule
and form are mandatory. The information collected pursuant to the rule
and Form ADV-W are filings with the Commission. These filings are not
kept confidential. An agency may not conduct or sponsor, and a person
is not required to respond to, a collection of information unless it
displays a currently valid control number.
Written comments are invited on: (a) Whether the documentation of
information is necessary for the proper performance of the functions of
the agency, including whether the information will have practical
utility; (b) the accuracy of the agency's estimate
[[Page 19934]]
of the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information collected; and (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
Please direct your written comments to Thomas Bayer, Chief
Information Officer, Securities and Exchange Commission, C/O Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549; or send an email
to: [email protected].
Dated: April 2, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-08001 Filed 4-9-14; 8:45 am]
BILLING CODE 8011-01-P