Document ID: SEC-2010-1337-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-09-03T04:00Z

[Federal Register: September 3, 2010 (Volume 75, Number 171)]
[Notices]               
[Page 54196-54197]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03se10-108]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; 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'') has submitted to the Office of 
Management and Budget requests for extension of the previously approved 
collection of information discussed below.
    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. 
Providing the information on Form N-14 is mandatory. Responses will not 
be kept confidential. Estimates of the burden hours are made solely for 
the purposes of the Paperwork Reduction Act, and are not derived from a 
comprehensive or even a representative survey or study of the costs of 
SEC rules and forms.
    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.
    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 Shagufta Ahmed at Shagufta_
Ahmed@omb.eop.gov; and (ii) Charles Boucher, Director/CIO, Securities 
and Exchange Commission,

[[Page 54197]]

C/O Remi Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or 
send an e-mail to: PRA--Mailbox @sec.gov. Comments must be submitted to 
OMB within 30 days of this notice.

    Dated: August 30, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-22031 Filed 9-2-10; 8:45 am]
BILLING CODE 8010-01-P