Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR. The agency shall examine public comment in
response to the NPRM and will describe in the supporting statement
of its next collection any public comments received regarding the
collection as well as why (or why it did not) incorporate the
commenter’s recommendation. The next submission to OMB must include
the draft final rule.
Inventory as of this Action
Requested
Previously Approved
12/31/2014
36 Months From Approved
03/31/2015
4,879
0
4,879
258,000
0
258,000
25,684,000
0
25,684,000
Form PF will be filed by registered
investment advisers that have at least $150 million in private fund
assets under management. These advisers must report information
regarding their private funds for use by the Financial Stability
Oversight Council in monitoring systemic risk. Form PF divides
respondents into two broad groups, Large Private Fund Advisers and
smaller private fund advisers. "Large Private Fund Advisers" are
advisers with at least $1.5 billion in assets under management
attributable to hedge funds ("large hedge fund advisers"), advisers
that manage "liquidity funds" and have at least $1 billion in
combined assets under management attributable to liquidity funds
and registered money market funds ("large liquidity fund
advisers"), and advisers with at least $2 billion in assets under
management attributable to private equity funds ("large private
equity advisers"). All other respondents are considered smaller
private fund advisers. Smaller private fund advisers must report
annually and provide only basic information regarding their
operations and the private funds they advise. Large private equity
advisers also must report on an annual basis but are required to
provide additional information with respect to the private equity
funds they manage. Finally, large hedge fund advisers and large
liquidity fund advisers must report on a quarterly basis and
provide more information than other private fund advisers. A
private fund adviser would also be required to file very limited
information on Form PF if it is no longer required to report on the
form, if it is transitioning from quarterly to annual filing or if
it is requesting a hardship exemption. This collection of
information would implement the requirements of Sections 404 and
406 of the Dodd-Frank Wall Street Reform and Consumer Protection
Act.
The total annual hour burden of
249,300 hours represents a decrease of 8,700 hours over the
previous burden hour estimate of 258,000 hours. In addition, the
annual external cost burden of $23,310,350 represents a decrease of
$2,373,650 over the previous annual external cost burden estimate
of $25,684,000. The changes in burden hours and external cost
burdens are due to the staff's estimates of the time costs and
external costs that would result from the proposed amendments.
No
No
No
Yes
No
Uncollected
Adam Bolter 202
551-6011
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.
Form SEC2048 Form PF
Supporting_Statement_for_Form_PF_(2013)[1].pdf
Form PF