Document ID: SEC-2009-0123-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2009-01-28T05:00Z

[Federal Register: January 28, 2009 (Volume 74, Number 17)]
[Notices]               
[Page 4990]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28ja09-88]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

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

    Extension: Form 2-E under Rule 609, SEC File No. 270-222, OMB 
Control No. 3235-0233.

    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 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    Rule 609 (17 CFR 230.609) under the Securities Act of 1933 (15 
U.S.C. 77a et seq.) requires small business investment companies and 
business development companies that have engaged in offerings of 
securities that are exempt from registration pursuant to Regulation E 
under the Securities Act of 1933 (17 CFR 230.601 to 610a) to report 
semi-annually on Form 2-E (17 CFR 239.201) the progress of the 
offering. The form solicits information such as the dates an offering 
has commenced and has been completed, the number of shares sold and 
still being offered, amounts received in the offering, and expenses and 
underwriting discounts incurred in the offering. This information 
assists the staff in determining whether the issuer has stayed within 
the limits of an offering exemption.
    Form 2-E must be filed semi-annually during an offering and as a 
final report at the completion of the offering. Less frequent filing 
would not allow the Commission to monitor the progress of the offering 
in order to ensure that the issuer was not attempting to avoid the 
normal registration provisions of the securities laws.
    During the calendar year 2008, there were five filings of Form 2-E 
by three respondents. The Commission estimates, based on its experience 
with disclosure documents generally and Form 2-E in particular, and 
based on informal contacts with the investment company industry, that 
the total annual burden associated with information collection and Form 
2-E preparation and submission is four hours per filing or 20 hours for 
all respondents.
    The estimates of average burden hours are made solely for the 
purposes of the Paperwork Reduction Act and are not derived from a 
comprehensive or even representative survey or study of the cost of 
Commission rules and forms.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection 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 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: PRA_
Mailbox@sec.gov.

    Dated: January 22, 2009.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E9-1873 Filed 1-27-09; 8:45 am]

BILLING CODE 8011-01-P