Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Form N-54A

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<title>Federal Register, Volume 91 Issue 207 (Wednesday, October 28, 2026)</title>
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[Federal Register Volume 91, Number 207 (Wednesday, October 28, 2026)]
[Notices]
[Pages 67879-67880]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-22002]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0237]


Agency Information Collection Activities; 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

[[Page 67880]]

(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.
    The public may view and comment on this information collection 
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202608-3235-012">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202608-3235-012</a> or email comment to 
<a href="/cdn-cgi/l/email-protection#3578776d1b7a78771b7a7c67741b6670766a5150465e6a5a53535c565047755a58571b505a451b525a43"><span class="__cf_email__" data-cfemail="3578776d1b7a78771b7a7c67741b6670766a5150465e6a5a53535c565047755a58571b505a451b525a43">[email&#160;protected]</span></a> within 30 days of the day 
after publication of this notice, by November 30, 2026.

    Dated: October 26, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-22002 Filed 10-27-26; 8:45 am]
BILLING CODE 8011-01-P


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