[Federal Register Volume 85, Number 104 (Friday, May 29, 2020)]
[Notices]
[Pages 32433-32434]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11596]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Extension:
Rule 203-3, Form ADV-H, SEC File No. 270-481, OMB Control No.
3235-0538
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 (the ``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 (``OMB'') for extension and approval.
The title for the collection of information is ``Form ADV-H under
the Investment Advisers Act of 1940.'' Rule 203-3 (17 CFR 275.203-3)
under the Investment Advisers Act of 1940 (15 U.S.C. 80b) requires that
registered advisers requesting either a temporary or continuing
hardship exemption submit the request on Form ADV-H. Rule 204-4 (17 CFR
275.204-4) under the Investment Advisers Act of 1940 requires that
exempt reporting advisers requesting a temporary hardship exemption
submit the request on Form ADV-H. The purpose of this collection of
information is to permit advisers to obtain a hardship exemption to not
complete an electronic filing. The temporary hardship exemption that is
available to registered advisers under rule 203-3 and exempt reporting
advisers under rule 204-4 permits these advisers to make late filings
due to unforeseen computer or software problems. The continuing
hardship exemption available to registered advisers under rule 203-3
permits advisers to submit all required electronic filings on hard copy
for data entry by the operator of the IARD.
The Commission has estimated that compliance with the requirement
to complete Form ADV-H imposes a total burden of approximately one hour
for an adviser. Based on our experience, we estimate that we will
receive fifteen Form ADV-H filings annually from registered investment
advisers and one Form ADV-H filing annually from exempt reporting
advisers. Based on the 60 minute per respondent estimate, the
Commission estimates a total annual burden of 16 hours for this
collection of information.
Rule 203-3, rule 204-4, and Form ADV-H 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-H consists of 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 proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility;
[[Page 32434]]
(b) the accuracy of the agency's estimate 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 David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to:
[email protected].
Dated: May 26, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-11596 Filed 5-28-20; 8:45 am]
BILLING CODE 8011-01-P