Notice2024-01099
Submission for OMB Review; Comment Request; Extension: Form N-54A
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 22, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 14 (Monday, January 22, 2024)</title>
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[Federal Register Volume 89, Number 14 (Monday, January 22, 2024)]
[Notices]
[Page 3979]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-01099]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-182, OMB Control No. 3235-0237]
Submission for OMB Review; Comment Request; Extension: Form N-54A
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
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 (``Commission'') has submitted to the Office of Management
and Budget a request for extension of the previously approved
collection of information discussed below.
Under the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.)
(the ``Investment Company Act''), certain investment companies can
elect to be regulated as business development companies, as defined in
Section 2(a)(48) of the Investment Company Act (15 U.S.C. 80a-
2(a)(48)). Under Section 54(a) of the Investment Company Act (15 U.S.C.
80a-53(a)), any company defined in Section 2(a)(48)(A) and (B) may
elect to be subject to the provisions of Sections 55 through 65 of the
Investment Company Act (15 U.S.C. 80a-54 to 80a-64) by filing with the
Commission a notification of election, if such company has: (1) a class
of equity securities registered under Section 12 of the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''); or (2)
filed a registration statement pursuant to Section 12 of the Exchange
Act for a class of its equity securities. The Commission adopted Form
N-54A (17 CFR 274.53) as the form for notification of election to be
regulated as a business development company.
The purpose of Form N-54A is to notify the Commission that the
investment company making the notification elects to be subject to
Sections 55 through 65 of the Investment Company Act, enabling the
Commission to administer those provisions of the Investment Company Act
to such companies.
The Commission estimates that on average approximately 21 business
development companies file these notifications each year. Each of those
business development companies need only make a single filing of Form
N-54A. The Commission further estimates that this information
collection imposes a burden of 0.5 hours, resulting in a total annual
PRA burden of 10.5 hours. Based on the estimated wage rate, the total
cost to the business development company industry of the hour burden
for complying with Form N-54A would be approximately $4,462.50.
The collection of information under Form N-54A is mandatory. The
information provided by the form is 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.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
by February 21, 2024 to (i) <a href="/cdn-cgi/l/email-protection#c08d8298ee8f8d82ee8f899281ee9385839fa4a5b3ab9fafa6a6a9a3a5b280afada2eea5afb0eea7afb6"><span class="__cf_email__" data-cfemail="58151a007617151a7617110a19760b1d1b073c3d2b3307373e3e313b3d2a1837353a763d3728763f372e">[email protected]</span></a>
and (ii) David Bottom, Director/Chief Information Officer, Securities
and Exchange Commission, c/o John Pezzullo, 100 F Street NE,
Washington, DC 20549, or by sending an email to: <a href="/cdn-cgi/l/email-protection#95c5c7d4cad8f4fcf9f7faedd5e6f0f6bbf2fae3"><span class="__cf_email__" data-cfemail="92c2c0d3cddff3fbfef0fdead2e1f7f1bcf5fde4">[email protected]</span></a>.
Dated: January 17, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-01099 Filed 1-19-24; 8:45 am]
BILLING CODE 8011-01-P
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