
[Federal Register Volume 78, Number 120 (Friday, June 21, 2013)]
[Notices]
[Pages 37599-37600]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-14802]


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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)-7, OMB Control No. 3235-0585, SEC File No. 270-523.

    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 (the ``Commission'') has submitted to the Office of 
Management and Budget (``OMB'') a request for extension of the 
previously approved collection of information discussed below.
    The title for the collection of information is ``Investment 
Advisers Act rule 206(4)-7 (17 CFR 275.206(4)-7), Compliance procedures 
and practices.'' Rule 206(4)-7 requires each investment adviser 
registered with the Commission to (i) Adopt and implement internal 
compliance policies and procedures, (ii) review those policies and 
procedures annually, (iii) designate a chief compliance officer, and 
(iv) maintain certain compliance records. Rule 206(4)-7 is designed to 
protect investors by fostering better compliance with the securities 
laws. The collection of information under rule 206(4)-7 is necessary to 
assure that investment advisers maintain comprehensive internal 
programs that promote the advisers' compliance with the Investment 
Advisers Act of 1940. The information collection in the rule also 
assists the Commission's examination staff in assessing the adequacy 
advisers' compliance programs. This collection of information is found 
at 17 CFR 275.206(4)-7 and is mandatory.
    The information documented pursuant to rule 206(4)-7 is reviewed by 
the Commission's examination staff; it will be accorded the same level 
of confidentiality accorded to other responses provided to the 
Commission in the context of its examination and oversight program. 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.
    The respondents to this information collection are investment 
advisers registered with the Commission. Our latest data indicate that 
there were 10,773 advisers registered with the Commission as of 
February 1, 2013. The Commission has estimated that

[[Page 37600]]

compliance with rule 206(4)-7 imposes an annual burden of approximately 
87 hours per respondent. Based on this figure, the Commission estimates 
a total annual burden of 937,251 hours for this collection of 
information.
    The public may view background documentation for this information 
collection at the following Web site, www.reginfo.gov. 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 email to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
6432 General Green Way, Alexandria, VA 22312 or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of 
this notice.

     Dated: June 17, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-14802 Filed 6-20-13; 8:45 am]
BILLING CODE 8011-01-P


