Federal Register #OMB Control No. 3235-0049

SEC Requests Public Comment on Extension of Form ADV Information Collection

This notice from the Securities and Exchange Commission (SEC) concerns a request for public comment on the extension of an information collection related to Form ADV. - Government Buyer: - Securities and Exchange Commission (SEC) - Office of Management and Budget (OMB) involved for approval - Purpose: - Extension of previously approved information collection for Form ADV - Form ADV is used by investment advisers for registration and exempt reporting - Key Details: - Form ADV is filed electronically by registered and exempt reporting advisers - Information collected includes disclosures about business practices, conflicts of interest, and personnel - Used by SEC for regulatory, examination, and enforcement purposes - Clients use the information for hiring decisions - Estimated Burden: - Total annual reporting and recordkeeping burden for all respondents is approximately 251,851.53 hours - No OEMs, vendors, products, or purchase quantities are mentioned - No procurement or award activity is involved in this notice

Description

The Securities and Exchange Commission (SEC) has submitted a request for extension of the previously approved collection of information related to Form ADV. Form ADV is the investment adviser registration and reporting form filed electronically with the SEC by registered or exempt reporting advisers. The information collected provides disclosures to clients and the Commission about the adviser's business, conflicts of interest, and personnel, aiding clients in hiring decisions and the Commission in regulatory oversight. The estimated total annual reporting and recordkeeping burden is approximately 251,851.53 hours for all respondents.

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