Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Form N-54A

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<title>Federal Register, Volume 91 Issue 162 (Monday, August 24, 2026)</title>
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[Federal Register Volume 91, Number 162 (Monday, August 24, 2026)]
[Notices]
[Pages 54778-54779]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-17226]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0237]


Agency Information Collection Activities; Proposed Collection; 
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 (``SEC'' or ``Commission'') is soliciting comments on the 
proposed collection of information described 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 staff estimates that on average approximately 25 
business development companies file these notifications each year.\1\ 
Each of those business development companies need only make a single 
filing of Form N-54A. The Commission staff further estimates that such 
business development companies will each spend 0.5 hours at a cost of 
$470.5 per hour preparing the form, resulting in a total annual time 
burden of 12.5 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 $5,881.25.
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    \1\ This number is based on the average annual number of Form N-
54A filings with the Commission from January 1, 2023 through 
December 31, 2025.
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    The Commission staff estimates that there is no additional cost 
burden associated with the form other than the cost of the burdens 
identified above.
    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 OMB Control Number.
    Written comments are invited on: (a) whether this proposed 
collection of information is necessary for the proper performance of 
the functions of the SEC, including whether the information will have 
practical utility; (b) the accuracy of the SEC's estimate of the burden 
imposed by the proposed collection of information, including the 
validity of the methodology and the assumptions used; (c) ways to 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated, 
electronic

[[Page 54779]]

collection techniques or other forms of information technology.
    Please direct your written comments on this 60-Day Collection 
Notice to Austin Gerig, Director/Chief Data Officer, Securities and 
Exchange Commission, c/o Tanya Ruttenberg via email to 
<a href="/cdn-cgi/l/email-protection#a8f8c9d8cddadfc7dac3facdccddcbdcc1c7c6e9cbdce8dbcdcb86cfc7de"><span class="__cf_email__" data-cfemail="623203120710150d10093007061701160b0d0c230116221107014c050d14">[email&#160;protected]</span></a> by October 23, 2026.

    Dated: August 20, 2026.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-17226 Filed 8-21-26; 8:45 am]
BILLING CODE 8011-01-P


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