[Federal Register Volume 75, Number 128 (Tuesday, July 6, 2010)]
[Notices]
[Page 38853]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-16306]
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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: [email protected].
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