Document ID: SEC-2010-0997-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-07-06T04:00Z

[Federal Register: July 6, 2010 (Volume 75, Number 128)]
[Notices]               
[Page 38853]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06jy10-106]                         

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SECURITIES AND EXCHANGE COMMISSION

[Form N-14; SEC File No. 270-297; OMB Control No. 3235-0336]

 
Proposed Collection; Comment Request

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

Extension:
    Form N-14, SEC File No. 270-297, OMB Control No. 3235-0336.

    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.
    Form N-14 (17 CFR 239.23)--Registration Statement Under the 
Securities Act of 1933 for Securities Issued in Business Combination 
Transactions by Investment Companies and Business Development 
Companies. Form N-14 is used by investment companies registered under 
the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) 
(``Investment Company Act'') and business development companies as 
defined by section 2(a)(48) of the Investment Company Act to register 
securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.) 
(``Securities Act'') to be issued in business combination transactions 
specified in rule 145(a) under the Securities Act (17 CFR 230.145(a)) 
and exchange offers. The securities are registered under the Securities 
Act to ensure that investors receive the material information necessary 
to evaluate securities issued in business combination transactions. The 
Commission staff reviews registration statements on Form N-14 for the 
adequacy and accuracy of the disclosure contained therein. Without Form 
N-14, the Commission would be unable to verify compliance with 
securities law requirements. The respondents to the collection of 
information are investment companies or business development companies 
issuing securities in business combination transactions. The estimated 
number of responses is 286 (including 266 registrants that file one new 
registration statement on Form N-14 each year and 20 registrants that 
file one amendment to Form N-14 each year) and the collection occurs 
only when a merger or other business combination is planned. The 
estimated total annual reporting burden of the collection of 
information is approximately 620 hours per response for a new 
registration statement, and approximately 350 hours per response for an 
amended Form N-14, for a total of 171,920 annual burden hours.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the Commission's mission, including whether the information will have 
practical utility; (b) the accuracy of the Commission'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: June 29, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-16306 Filed 7-2-10; 8:45 am]
BILLING CODE 8010-01-P