Notice2025-22947
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 204-2
Primary source
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Published
December 16, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 239 (Tuesday, December 16, 2025)</title>
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[Federal Register Volume 90, Number 239 (Tuesday, December 16, 2025)]
[Notices]
[Page 58349]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-22947]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0278]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Rule 204-2
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 (``SEC'' or ``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 ``Rule 204-2'' (17
CFR 275.204-2) under the Investment Advisers Act of 1940 (15 U.S.C.
80b-4). Rule 204-2 sets forth the requirements for maintaining and
preserving specified books and records. The collection of information
under rule 204-2 is necessary for the Commission staff to use in its
examination and oversight program. This collection of information is
mandatory. Responses provided to the Commission in the context of its
examination and oversight program are generally kept confidential. The
respondents to the collection of information are investment advisers
registered with the Commission. The records that an adviser must keep
in accordance with rule 204-2 must generally be retained for not less
than five years.
The respondents to the collection of information are investment
advisers registered with the Commission. The Commission has estimated
that compliance with the requirements of the rule imposes a total
burden of approximately 184.9298 hours for an adviser. As of December
31, 2024, there were 15,906 SEC registered advisers. Based on this
figure, the Commission staff estimates a total annual burden of
2,941,493.4 hours.
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 OMB Control Number.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the SEC, including whether the information will have
practical utility; (b) the accuracy of the SEC's estimate of the burden
imposed by the proposed collection of information, including the
validity of the methodology and the assumptions used; (c) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated,
electronic collection techniques or other forms of information
technology.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#4717263722353028352c1522233224332e28290624330734222469202831"><span class="__cf_email__" data-cfemail="a3f3c2d3c6d1d4ccd1c8f1c6c7d6c0d7cacccde2c0d7e3d0c6c08dc4ccd5">[email protected]</span></a> by February 17, 2026. There will be a
second opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: December 12, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-22947 Filed 12-15-25; 8:45 am]
BILLING CODE 8011-01-P
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