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[Federal Register Volume 74, Number 15 (Monday, January 26, 2009)]
[Notices]
[Page 4486]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-1462]

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SECURITIES AND EXCHANGE COMMISSION

Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Form N-6F, SEC File No. 270-185, OMB Control No. 3235-0238.

    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 (the ``Commission'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
appproved collection of information discussed below.
    The title for the collection of information is ``Form N-6F (17 CFR 
274.15), Notice of Intent to be Subject to Sections 55 through 65 of 
the Investment Company Act of 1940.'' The purpose of Form N-6F is to 
allow business development companies to take advantage of the less 
burdensome regulatory provisions available to such companies under the 
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) (``1940 
Act'').
    Certain companies may have to make a filing with the Commission 
before they are ready to elect to be regulated as a business 
development company.\1\ A company that is excluded from the definition 
of ``investment company'' by Section 3(c)(1) of the 1940 Act because it 
has fewer than one hundred shareholders and is not making a public 
offering of its securities may lose such an exclusion solely because it 
proposes to make a public offering of securities as a business 
development company. Such a company, under certain conditions, would 
not lose its exclusion if it notifies the Commission on Form N-6F of 
its intent to make an election to be regulated as a business 
development company. The company only has to file a Form N-6F once.
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    \1\ A company might not be prepared to elect to be subject to 
Sections 55 through 65 of the 1940 Act because its capital structure 
or management compensation plan is not yet in compliance with the 
requirements of those sections.
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    It is estimated that 6 respondents per year file with the 
Commission a Form N-6F. Form N-6F requires approximately 0.5 burden 
hours per response resulting from creating and filing the information 
required by the Form. The total burden hours for Form N-6F would be 3 
hours per year in the aggregate. The estimated annual burden of 3 hours 
represents an increase from the prior estimate of 1 hour. This increase 
in burden hours is attributable to an increase in the total number of 
respondents from 2 to 6.
    The estimate of average burden hours for Form N-6F is made solely 
for the purposes of the Paperwork Reduction Act and is not derived from 
a comprehensive or even representative survey or study of the cost of 
Commission rules and forms.
    The collection of information under Form N-6F is mandatory. The 
information provided by such 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.
    Please direct general comments regarding the above information to 
the following persons: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Management and Budget, Room 10102, New Executive 
Office Building, Washington, DC 20503 or send an e-mail to: [email protected]; and (ii) Charles Boucher, Director/CIO, Securities 
and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, 
Alexandria, VA 22312; or send an e-mail to: [email protected]. 
Comments must be submitted to OMB within 30 days of this notice.

    Dated: January 14, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-1462 Filed 1-23-09; 8:45 am]
BILLING CODE 8011-01-P
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