[Federal Register Volume 88, Number 111 (Friday, June 9, 2023)]
[Notices]
[Page 37913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12297]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-40, OMB Control No. 3235-0313]


Submission for OMB Review; Comment Request; Extension: Rule 203-2 
& Form ADV-W

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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 (``OMB'') a request for extension of the previously approved 
collection of information discussed below.
    The title for the collection of information is ``Rule 203-2 (17 CFR 
275.203-2) and Form ADV-W (17 CFR 279.2) under the Investment Advisers 
Act of 1940 (15 U.S.C. 80b).'' Rule 203-2 under the Investment Advisers 
Act of 1940 establishes procedures for an investment adviser to 
withdraw its registration or pending registration with the Commission. 
Rule 203-2 requires every person withdrawing from investment adviser 
registration with the Commission to file Form ADV-W electronically on 
the Investment Adviser Registration Depository (``IARD''). The purpose 
of the information collection is to notify the Commission and the 
public when an investment adviser withdraws its pending or approved SEC 
registration. Typically, an investment adviser files a Form ADV-W when 
it ceases doing business or when it is ineligible to remain registered 
with the Commission.
    The potential respondents to this information collection are all 
investment advisers registered with the Commission or have applications 
pending with the Commission. The Commission has estimated that 
compliance with the requirement to complete Form ADV-W imposes a total 
burden of approximately 0.75 hours (45 minutes) for an adviser filing 
for full withdrawal and approximately 0.25 hours (15 minutes) for an 
adviser filing for partial withdrawal. Based on historical filings, the 
Commission estimates that there are approximately 769 respondents 
annually filing for full withdrawal and approximately 647 respondents 
annually filing for partial withdrawal. Based on these estimates, the 
total estimated annual burden would be 739 hours ((769 respondents x 
.75 hours) + (647 respondents x .25 hours)).
    Rule 203-2 and Form ADV-W do not require recordkeeping or records 
retention. The collection of information requirements under the rule 
and form are mandatory. The information collected pursuant to the rule 
and Form ADV-W are filings with the Commission. These filings 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.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
by July 10, 2023 to (i) [email protected] and 
(ii) David Bottom, Director/Chief Information Officer, Securities and 
Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 
20549, or by sending an email to: [email protected].

    Dated: June 5, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-12297 Filed 6-8-23; 8:45 am]
BILLING CODE 8011-01-P


