Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in the custody of an investment adviser

Forms and Documents

Document Name	Status
Form 2223 Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in custody of an investment adviser. Form and Instruction	Modified
2024 12 13_89 FR 101082_3235-0361_Submission.pdf Supplementary Document	2024-12-13
89 FR 81119 (OMB 3235–0361).pdf Supplementary Document	2024-12-09
Supporting Statement Form ADV-E (2024).pdf Supporting Statement A	2024-09-23

IC Document Collections

IC ID	Document Title	Status
34918	Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in custody of an investment adviser. Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0361	ICR Reference No: 202409-3235-022
Status: Received in OIRA	Previous ICR Reference No: 202108-3235-021
Agency/Subagency: SEC	Agency Tracking No: IM-270-318
Title: Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in the custody of an investment adviser
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/13/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	02/28/2025
Responses	1,998	1,776
Time Burden (Hours)	100	89
Cost Burden (Dollars)	0	0

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Abstract: Form ADV-E is the cover sheet for accountant examination certificates filed pursuant to rule 206(4)-2 under the Investment Advisers Act by certain investment advisers retaining custody of client securities or funds.

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Authorizing Statute(s): US Code: 15 USC 80b-6 Name of Law: Investment Advisers Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 81119	10/07/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 10108	12/13/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form ADV-E, cover sheet for each certificate of accounting of client securities and funds in custody of an investment adviser.	2223	form ADV-E

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	1,998	1,776	0	0	222	0
Annual Time Burden (Hours)	100	89	0	0	11	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated total annual burden hours increased from 88.80 to 99.90. The increase is due to an increase in the total number of annual submissions from 1,776 to 1,998. This increase in submissions is primarily due to an increase in the number of SEC-registered advisers that are subject to the surprise examination requirement. As a result, more advisers were required to file Form ADV-E.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/13/2024

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