[Federal Register Volume 85, Number 104 (Friday, May 29, 2020)]
[Notices]
[Pages 32433-32434]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11596]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

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

Extension:
    Rule 203-3, Form ADV-H, SEC File No. 270-481, OMB Control No. 
3235-0538

    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'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget (``OMB'') for extension and approval.
    The title for the collection of information is ``Form ADV-H under 
the Investment Advisers Act of 1940.'' Rule 203-3 (17 CFR 275.203-3) 
under the Investment Advisers Act of 1940 (15 U.S.C. 80b) requires that 
registered advisers requesting either a temporary or continuing 
hardship exemption submit the request on Form ADV-H. Rule 204-4 (17 CFR 
275.204-4) under the Investment Advisers Act of 1940 requires that 
exempt reporting advisers requesting a temporary hardship exemption 
submit the request on Form ADV-H. The purpose of this collection of 
information is to permit advisers to obtain a hardship exemption to not 
complete an electronic filing. The temporary hardship exemption that is 
available to registered advisers under rule 203-3 and exempt reporting 
advisers under rule 204-4 permits these advisers to make late filings 
due to unforeseen computer or software problems. The continuing 
hardship exemption available to registered advisers under rule 203-3 
permits advisers to submit all required electronic filings on hard copy 
for data entry by the operator of the IARD.
    The Commission has estimated that compliance with the requirement 
to complete Form ADV-H imposes a total burden of approximately one hour 
for an adviser. Based on our experience, we estimate that we will 
receive fifteen Form ADV-H filings annually from registered investment 
advisers and one Form ADV-H filing annually from exempt reporting 
advisers. Based on the 60 minute per respondent estimate, the 
Commission estimates a total annual burden of 16 hours for this 
collection of information.
    Rule 203-3, rule 204-4, and Form ADV-H 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-H consists of 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.
    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;

[[Page 32434]]

(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 David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to: 
PRA_Mailbox@sec.gov.

    Dated: May 26, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-11596 Filed 5-28-20; 8:45 am]
 BILLING CODE 8011-01-P


