Document ID: SEC-2006-0299-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-03-08T05:00Z

[Federal Register: March 8, 2006 (Volume 71, Number 45)]
[Notices]               
[Page 11688-11689]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08mr06-126]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copy Available From: Securities and Exchange 
Commission Office of Filings and Information Services, Washington, DC 
20549.

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'') is soliciting comments on the 
collections of information summarized below. The Commission plans to 
submit the existing collection of information to the Office of 
Management and Budget (``OMB'') for extension and approval:

Form N-6F Under the Investment Company Act of 1940 (17 CFR 274.15), 
Notice of Intent To Elect To Be Subject to Sections 55 Through 65 of 
the Investment Company Act of 1940

    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 Investment Company 
Act of 1940 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 [17 CFR 274.15] 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 Investment Company Act of 1940 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 2 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 1 
hour per year in the aggregate. The estimated annual burden of 1.0 hour 
represents no change from the prior estimate of 1.0 hour.
    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 costs of 
Commission rules and forms.
    Written comments are invited on: (a) Whether the proposed 
collections of information are necessary for the proper performance of 
the functions of the agency, including whether the

[[Page 11689]]

information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collections of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
collected; and (d) ways to minimize the burden of the collections of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    Please direct your written comments to R. Corey Booth, Director/
Chief Information Officer, Office of Information Technology, Securities 
and Exchange Commission, 100 F Street, NE., Washington, DC 20549.

    Dated: February 28, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-3280 Filed 3-7-06; 8:45 am]

BILLING CODE 8010-01-P