Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Form N-2

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<title>Federal Register, Volume 91 Issue 202 (Wednesday, October 21, 2026)</title>
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[Federal Register Volume 91, Number 202 (Wednesday, October 21, 2026)]
[Notices]
[Page 66590]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-21495]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0026]


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Extension: Form N-2

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 submitting to the Office of 
Management and Budget (OMB) this request for extension of the proposed 
collection of information described below.
    Form N-2 (17 CFR 239.14 and 274.11a-1) is the form used by closed-
end management investment companies (``registered closed-end funds'') 
to register under the Investment Company Act of 1940 (15 U.S.C. 80a-1 
et seq.) (``Investment Company Act''), and to register their securities 
under the Securities Act of 1933 (15 U.S.C. 77a et seq.) (``Securities 
Act''). Form N-2 is also used by business development companies 
(``BDCs''), which are closed-end management investment companies that 
do not register under the Investment Company Act (but instead elect to 
be subject to certain provisions of the Investment Company Act (15 
U.S.C. 80a-2(a)(48)) to register and offer their securities under the 
Securities Act.
    Section 5 of the Securities Act (15 U.S.C. 77e) requires the filing 
of a registration statement prior to the offer of securities to the 
public and that the statement be effective before any securities are 
sold. The primary purpose of the registration process is to provide 
disclosure of financial and other information to current and potential 
investors for the purpose of evaluating an investment in a security. 
Section 5(b) of the Securities Act requires that investors be provided 
with a prospectus containing the information required in a registration 
statement prior to the sale, or at the time of confirmation or 
delivery, of the securities. A closed-end management investment company 
(that is not a BDC) is required to register as an investment company 
under Section 8(a) of the Investment Company Act (15 U.S.C. 80a-8(a)). 
Form N-2 permits a registered closed end fund and a BDC to provide 
investors with a prospectus covering essential information about the 
fund when the fund makes an initial or additional offering of its 
securities. More-detailed information is available to interested 
investors in the Statement of Additional Information, which is provided 
to investors upon request and without charge.
    The purpose of Form N-2 is to meet the filing and disclosure 
requirements of the Securities Act and the Investment Company Act and 
to enable funds to provide investors with information necessary to 
evaluate an investment in a registered closed-end fund or BDC. The 
information filed with the Commission permits the verification of 
compliance with securities law requirements and assures the public 
availability and dissemination of the information. A registered closed-
end fund or BDC must file a registration statement on Form N-2 only 
when making initial or additional offerings of securities under the 
Securities Act, or when amending its registration statement. Compliance 
with the disclosure requirements of Form N-2 is mandatory. Responses to 
the disclosure requirements will not be kept confidential.
    We estimate that approximately 427 respondents file Form N-2 
annually, with 1 response annually per respondent at 344 hours per 
response, including the time and the cost of preparing and reviewing 
disclosure, filing documents, and retaining records, for a total annual 
time burden of 146,888 hours. In addition, we estimate the total annual 
external cost burden associated with Form N-2 to be $9,914,940, based 
on 30 hours of outside services at a wage rate of $774 per hour for an 
attorney in the securities industry ($23,220 per response times 427 
respondents).
    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.
    The public may view and comment on this information collection 
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202608-3235-004">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202608-3235-004</a> or email comment to 
<a href="/cdn-cgi/l/email-protection#0c414e542243414e2243455e4d225f494f5368697f6753636a6a656f697e4c63616e2269637c226b637a"><span class="__cf_email__" data-cfemail="0a47485224454748244543584b24594f49556e6f796155656c6c63696f784a656768246f657a246d657c">[email&#160;protected]</span></a> within 30 days of the day 
after publication of this notice, by November 23, 2026.

    Dated: October 19, 2026.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-21495 Filed 10-20-26; 8:45 am]
BILLING CODE 8011-01-P


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