[Federal Register Volume 90, Number 134 (Wednesday, July 16, 2025)]
[Notices]
[Page 32028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-13291]


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DEPARTMENT OF LABOR


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Employee Retirement Income Security Act of 
1974 Investment Manager Electronic Registration

ACTION: Notice of availability; request for comments.

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SUMMARY: The Department of Labor (DOL) is submitting this Employee 
Benefits Security Administration (EBSA)-sponsored information 
collection request (ICR) to the Office of Management and Budget (OMB) 
for review and approval in accordance with the Paperwork Reduction Act 
of 1995 (PRA). Public comments on the ICR are invited.

DATES: The OMB will consider all written comments that the agency 
receives on or before August 15, 2025.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Michael Howell by telephone at 202-
693-6782, or by email at [email protected].

SUPPLEMENTARY INFORMATION: Section 203A(a) of the Investment Advisers 
Act of 1940 (and the implementing SEC regulations) provides thresholds 
for when investment advisers must register with the SEC or with one or 
more states to qualify as investment manager under ERISA, investment 
advisers that register with a state, rather than with the SEC, must 
satisfy ERISA's section 3(38) requirement to file a copy of the State 
registration with the Department by electronically registering through 
the Investment Adviser Registration Depository (IARD). This is a 
centralized electronic filing system operated by the SEC in conjunction 
with State securities regulation authorities. Because the IARD was 
established by the SEC and the states, and made mandatory for advisers 
required to file with SEC, and because all States permit filing through 
IARD even for advisers who do not file with SEC, the Department 
determined that use of the IARD would eliminate the duplication of 
filing paper copies of State registration forms with the Department and 
facilitate creation of a uniform and efficient ``one-stop'' filing 
system for state-registered filings by advisers who wished to meet the 
``investment manager'' definition of ERISA section 3(38). For 
additional substantive information about this ICR, see the related 
notice published in the Federal Register on January 6, 2025 (90 FR 
671).
    Comments are invited on: (1) whether the collection of information 
is necessary for the proper performance of the functions of the 
Department, including whether the information will have practical 
utility; (2) the accuracy of the agency's estimates of the burden and 
cost of the collection of information, including the validity of the 
methodology and assumptions used; (3) ways to enhance the quality, 
utility and clarity of the information collection; and (4) ways to 
minimize the burden of the collection of information on those who are 
to respond, including the use of automated collection techniques or 
other forms of information technology.
    This information collection is subject to the PRA. A Federal agency 
generally cannot conduct or sponsor a collection of information, and 
the public is generally not required to respond to an information 
collection, unless the OMB approves it and displays a currently valid 
OMB Control Number. In addition, notwithstanding any other provisions 
of law, no person shall generally be subject to penalty for failing to 
comply with a collection of information that does not display a valid 
OMB Control Number. See 5 CFR 1320.5(a) and 1320.6.
    DOL seeks PRA authorization for this information collection for 
three (3) years. OMB authorization for an ICR cannot be for more than 
three (3) years without renewal. The DOL notes that information 
collection requirements submitted to the OMB for existing ICRs receive 
a month-to-month extension while they undergo review.

    Agency: DOL-EBSA.
    Title of Collection: Employee Retirement Income Security Act of 
1974 Investment Manager Electronic Registration.
    OMB Control Number: 1210-0125.
    Affected Public: Private sector.
    Total Estimated Number of Respondents: 3.
    Total Estimated Number of Responses: 3.
    Total Estimated Annual Time Burden: 3 hours.
    Total Estimated Annual Other Costs Burden: $230.

(Authority: 44 U.S.C. 3507(a)(1)(D))

Michael Howell,
Senior Paperwork Reduction Act Analyst.
[FR Doc. 2025-13291 Filed 7-15-25; 8:45 am]
BILLING CODE 4510-29-P