Document ID: SEC-2008-1274-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2008-09-18T04:00Z

[Federal Register: September 18, 2008 (Volume 73, Number 182)]
[Notices]               
[Page 54179]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18se08-86]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

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

Extension:
    Form N-2; SEC File No. 270-21; OMB Control No. 3235-0026.

    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.
    The title for the collection of information is ``Form N-2 (17 CFR 
239.14 and 274.11a-1) under the Securities Act of 1933 and under the 
Investment Company Act of 1940, Registration Statement of Closed-End 
Management Investment Companies.'' Form N-2 is the form used by closed-
end management investment companies (``closed-end funds'') to register 
as investment companies under the Investment Company Act of 1940 (15 
U.S.C. 80a-1 et seq.) (``Investment Company Act'') and to register 
their securities under the Securities Act of 1933 (15 U.S.C. 77a et 
seq.) (``Securities Act''). The primary purpose of the registration 
process is to provide disclosure of financial and other information to 
investors and potential investors for the purpose of evaluating an 
investment in a security. Form N-2 also permits closed-end funds to 
provide investors with a prospectus containing information required in 
a registration statement prior to the sale or at the time of 
confirmation of delivery of securities. The form also may be used by 
the Commission in its regulatory review, inspection, and policy-making 
roles.
    The Commission estimates that there are 140 initial registration 
statements and 60 post-effective amendments to initial registration 
statements filed on Form N-2 annually and that the average number of 
portfolios referenced in each initial filing and post-effective 
amendment is 1. The Commission further estimates that the hour burden 
for preparing and filing a post-effective amendment on Form N-2 is 
116.5 hours per portfolio. The total annual hour burden for preparing 
and filing post-effective amendments is 6,990 hours (60 post-effective 
amendments x 1 portfolios x 116.5 hours per portfolio). The estimated 
annual hour burden for preparing and filing initial registration 
statements is 79,478 hours (140 initial registration statements x 1 
portfolios x 567.7 hours per portfolio). The total annual hour burden 
for Form N-2, therefore, is estimated to be 86,468 hours (6,990 hours + 
79,478 hours).
    The information collection requirements imposed by Form N-2 are 
mandatory. Responses to the collection of information will not be 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.
    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 Lewis W. Walker, Acting 
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: September 10, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-21764 Filed 9-17-08; 8:45 am]

BILLING CODE 8010-01-P