Notice2023-12297
Submission for OMB Review; Comment Request; Extension: Rule 203-2 & Form ADV-W
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 9, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 111 (Friday, June 9, 2023)</title>
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[Federal Register Volume 88, Number 111 (Friday, June 9, 2023)]
[Notices]
[Page 37913]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-12297]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-40, OMB Control No. 3235-0313]
Submission for OMB Review; Comment Request; Extension: Rule 203-2
& Form ADV-W
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
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'') has submitted to the Office of Management
and Budget (``OMB'') a request for extension of the previously approved
collection of information discussed below.
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 or pending 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 potential respondents to this information collection are all
investment advisers registered with the Commission or have applications
pending with the Commission. 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 769 respondents
annually filing for full withdrawal and approximately 647 respondents
annually filing for partial withdrawal. Based on these estimates, the
total estimated annual burden would be 739 hours ((769 respondents x
.75 hours) + (647 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.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
by July 10, 2023 to (i) <a href="/cdn-cgi/l/email-protection#236e617b0d6c6e610d6c6a71620d7066607c474650487c4c45454a404651634c4e410d464c530d444c55"><span class="__cf_email__" data-cfemail="9bd6d9c3b5d4d6d9b5d4d2c9dab5c8ded8c4fffee8f0c4f4fdfdf2f8fee9dbf4f6f9b5fef4ebb5fcf4ed">[email protected]</span></a> and
(ii) David Bottom, Director/Chief Information Officer, Securities and
Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC
20549, or by sending an email to: <a href="/cdn-cgi/l/email-protection#a5f5f7e4fae8c4ccc9c7cadde5d6c0c68bc2cad3"><span class="__cf_email__" data-cfemail="2e7e7c6f71634f47424c41566e5d4b4d00494158">[email protected]</span></a>.
Dated: June 5, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-12297 Filed 6-8-23; 8:45 am]
BILLING CODE 8011-01-P
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