Employee Retirement Income Security Act of 1974 Investment Manager Electronic Registration

ICR 201302-1210-005

OMB: 1210-0125

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-02-12
IC Document Collections
IC ID
Document
Title
Status
13506
Modified
ICR Details
1210-0125 201302-1210-005
Historical Active 201002-1210-001
DOL/EBSA
Employee Retirement Income Security Act of 1974 Investment Manager Electronic Registration
Extension without change of a currently approved collection   No
Regular
Approved without change 05/22/2013
Retrieve Notice of Action (NOA) 03/19/2013
  Inventory as of this Action Requested Previously Approved
05/31/2016 36 Months From Approved 05/31/2013
15 0 10
18 0 12
1,040 0 730

The Department's regulation at 29 CFR 2510.3-38 provides that, in order to meet the definition of investment manager in section 3(38) of the Employee Retirement Income Security Act of 1974, state-registered investment advisers must register electronically through a centralized electronic filing system established by the SEC and state investment authorities called the Investment Adviser Registration Depository ("IARD") rather than providing a paper copy of their state registration to the Secretary of Labor.

US Code: 29 USC 1003(38)(B) Name of Law: Employee Retirement Income Security Act of 1974
  
None

Not associated with rulemaking

  77 FR 70828 11/27/2012
78 FR 16869 03/19/2013
No

1
IC Title Form No. Form Name
ERISA Investment Manager Electronic Registration

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 15 10 0 0 5 0
Annual Time Burden (Hours) 18 12 0 0 6 0
Annual Cost Burden (Dollars) 1,040 730 0 0 310 0
No
No
There have been no program changes to this information collection since the prior ICR. Only South Carolina and West Virginia do not require the IARD for their investment advisors. Thus, the Department's requirement only imposes a burden upon a small set of investment advisors in two states. The Department has updated the number of paper filers in these two states to reflect more current data on paper filings. Wage rates have also been updated.

$0
No
No
No
No
No
Uncollected
Chris Cosby 202 693-8540

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
03/19/2013


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