

[Federal Register: February 1, 2008 (Volume 73, Number 22)]
[Notices]               
[Page 6222]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01fe08-119]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; 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'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collections of information discussed below.
    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.
    The disclosure requirements of rule 206(4)-4 do not require 
recordkeeping or record retention. The collection of information 
requirements under the rule are mandatory. Information subject to the 
disclosure requirements of rule 206(4)-4 is not submitted to the 
Commission. Accordingly, the disclosures pursuant to the rules 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.
    Please direct general comments regarding the above information to 
the following persons: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Management and Budget, Room 10102, New Executive 
Office Building, Washington, DC 20503 or e-mail to: 
Alexander_T._Hunt@omb.eop.gov; and (ii) 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. Comments must be submitted to OMB within 30 days 

of this notice.

    Dated: January 28, 2008.
Nancy M. Morris,
Secretary.
 [FR Doc. E8-1840 Filed 1-31-08; 8:45 am]

BILLING CODE 8011-01-P
