[Federal Register Volume 78, Number 165 (Monday, August 26, 2013)]
[Notices]
[Page 52808]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20681]
[[Page 52808]]
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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 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 collections of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget (``OMB'') 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
current 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 162 initial registration
statements and 29 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 an initial registration statement on Form N-2
is 515 hours per portfolio, and the hour burden for preparing and
filing a post-effective amendment on Form N-2 is 107 hours per
portfolio. The estimated annual hour burden for preparing and filing
initial registration statements is 83,430 hours (162 initial
registration statements x 1 portfolio x 515 hours per portfolio). The
estimated annual hour burden for preparing and filing post-effective
amendments is 3,103 hours (29 post-effective amendments x 1 portfolio x
107 hours per portfolio). The estimated total annual hour burden for
Form N-2, therefore, is estimated to be 86,533 hours (83,430 hours +
3,103 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 Thomas Bayer, Chief
Information Officer, Securities and Exchange Commission, C/O Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549; or send an email
to: [email protected].
Dated: August 20, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-20681 Filed 8-23-13; 8:45 am]
BILLING CODE 8011-01-P