New
collection (Request for a new OMB Control Number)
No
Regular
10/17/2022
Requested
Previously Approved
36 Months From Approved
5,037
0
92,480
0
2,719,980,000
0
Rule 206(4)-10 would require
investment advisers that are registered or required to be
registered to cause each private fund they advise, directly or
indirectly, to undergo a financial statemetn audit at least
annually and upon liquidation.
US Code:
15
USC 80b-6 Name of Law: Investment Advisers Act of 1940
The estimated annual burden
hours associated with rule 206(4)-10 would be 92,479.32 hours. In
addition, the external cost burden associated with rule 206(4)-10
would be $2,719,980,000. These annual burden hours and external
cost burden are due to the fact that rule 206(4)-10 would require
an adviser to cause each private fund that it advises, directly or
indirectly, to undergo a financial statement audit at least
annually and upon liquidation. This estimate also takes into
account that the financial statements must be distributed to
investors in each private fund.
No
No
No
No
No
No
No
Shane Cox 202 304-3391
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.