

[Federal Register: November 27, 2007 (Volume 72, Number 227)]
[Notices]               
[Page 66203]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27no07-120]                         


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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rule 206(4)-4; SEC File No. 270-304; OMB Control No. 3235-0345

    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'') is soliciting comments on the collections 
of information summarized below. The Commission plans to submit these 
existing collections of information to the Office of Management and 
Budget for extension and approval.
    The title for the collection of information is ``Rule 206(4)-4'' 
(17 CFR 275.206(4)-4) under the Investment Advisers Act of 1940 (15 
U.S.C. 80b-1 et seq.). Rule 206(4)-4 requires advisers to disclose 
certain financial and disciplinary information to clients. The 
disclosure requirements in rule 206(4)-4 are designed so that a client 
will have information about an adviser's financial condition and 
disciplinary events that may be material to an evaluation of the 
adviser's integrity or ability to meet contractual commitments to 
clients. Respondents are registered investment advisers with certain 
disciplinary history or a financial condition that is reasonably likely 
to affect contractual commitments. We estimate that approximately 1,839 
advisers are subject to this rule. The rule requires approximately 7.5 
burden hours per year per adviser and amounts to approximately 13,793 
total burden hours (7.5 x 1,839) for all advisers.
    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; (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 R. Corey Booth, Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Shirley Martinson, 6432 General Green Way, Alexandria, VA 22312; or 
send an e-mail to: PRA_Mailbox@sec.gov.

    Dated: November 19, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-23004 Filed 11-26-07; 8:45 am]

BILLING CODE 8011-01-P
