[Federal Register Volume 66, Number 150 (Friday, August 3, 2001)]
[Notices]
[Pages 40751-40752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-19430]


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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 Filings and Information Services, 450 Fifth 
Street, NW., Washington, DC 20549.
    Extension: Form N-5, SEC File No. 270-172, OMB Control No. 3235-
0169, Form N-8A, SEC File No. 270-135, OMB Control No. 3235-0175, Form 
N-8B-2, SEC File No. 270-186, OMB Control No. 3235-0186.
    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

[[Page 40752]]

(``Commission'') has submitted to the Office of Management and Budget 
(``OMB'') requests for extension of the previously approved collections 
of information discussed below.

Form N-5--Registration Statement of Small Business Investment 
Companies Under the Securities Act of 1933 and the Investment 
Company Act of 1940

    Form N-5 is the integrated registration statement form adopted by 
the Commission for use by a small business investment company which has 
been licensed as such under the Small Business Investment Act of 1958 
and has been notified by the Small Business Administration that the 
company may submit a license application, to register its securities 
under the Securities Act of 1933 [15 U.S.C. 77a et seq.] (``Securities 
Act''), and to register as an investment company under section 8 of the 
Investment Company Act of 1940 [15 U.S.C. 80a-1 et seq.] (``Investment 
Company Act''). The purpose of registration under the Securities Act is 
to ensure that investors are provided with material information 
concerning securities offered for public sale that will permit 
investors to make informed decisions regarding such securities. The 
Commission staff reviews the registration statements for the adequacy 
and accuracy of the disclosure contained therein. Without Form N-5, the 
Commission would be unable to carry out the requirements of the 
Securities Act and Investment Company Act for registration of small 
business investment companies. The respondents to the collection of 
information are small business investment companies seeking to register 
under the Investment Company Act and to register their securities for 
sale to the public under the Securities Act. The estimated number of 
respondents is two and the proposed frequency of response is annually. 
The estimate of the total annual reporting burden of the collection of 
information is approximately 352 hours per respondent, for a total of 
704 hours. Proving the information on Form N-5 is mandatory. Responses 
will not be kept confidential.

Form N-8A--Notification of Registration of Investment Companies

    Form N-8A is the form that investment companies file to notify the 
Commission of the existence of active investment companies. After an 
investment company has filed its notification of registration under 
section 8(a) of the Investment Company Act, the company is then subject 
to the provisions of the Investment Company Act which govern certain 
aspects of its organization and activities, such as the composition of 
its board of directors and the issuance of senior securities. Form N-8A 
requires an investment company to provide its name, state of 
organization, form of organization, classification, if it is a 
management company, the name and address of each investment adviser of 
the investment company, the current value of its total assets and 
certain other information readily available to the investment company. 
If the investment company is filing simultaneously its notification of 
registration and registration statement, Form N-8A requires only that 
the registrant file the cover page (giving its name, address and agent 
for service of process) and sign the form in order to effect 
registration.
    The Commission uses the information provided in the notification on 
Form N-8A to determine the existence of active investment companies and 
to enable the Commission to administer the provisions of the Investment 
Company Act with respect to those companies. Each year approximately 
263 investment companies file a notification on Form N-8A, which is 
required to be filed only once by an investment company. The Commission 
estimates that preparing Form N-8A requires an investment company to 
spend approximately one hour so that the total burden of preparing Form 
N-8A for all affected investment companies is 263 hours. The collection 
of information on Form N-8A is mandatory. The information provided on 
Form N-8A is not kept confidential.

Form N-8B-2--Registration Statement of Unit Investment Trusts That 
Are Currently Issuing Securities

    Form N-8B-2 is the form used by unit investment trusts (``UITs'') 
that are currently issuing securities, including UITs that are issuers 
of periodic payment plan certificates and UITs of which a management 
investment company is the sponsor or depositor, to comply with the 
filing and disclosure requirements imposed by section 8(b) of the 
Investment Company Act. Form N-8B-2 requires disclosure about the 
organization of a UIT, its securities, the trustee, the personnel and 
affiliated persons of the depositor, the distribution and redemption of 
securities, and financial statements. The Commission uses the 
information provided in the collection of information to determine 
compliance with section 8(b) of the Investment Company Act.
    Based on the Commission's industry statistics, the Commission 
estimates that there would be approximately 24 initial filings on Form 
N-8B-2 and 11 post-effective amendment filings to the form. The 
Commission estimates that each registrant filing an initial Form N-8B-2 
would spend 44 hours in preparing and filing the form and that the 
total hour burden for all initial Form N-8B-2 filings would be 1,056 
hours. Also, the Commission estimates that each UIT filing a post-
effective amendment to Form N-8B-2 would spend 16 hours in preparing 
and filing the amendment and that the total hour burden for all post-
effective amendments to the Form would be 176 hours. By combining the 
total hour burdens estimated for initial Form N-8B-2 filings and post-
effective amendments filings to the form, the Commission estimates that 
the total annual burden hours for all registrants on From N-8B-2 would 
be 1,232. The information provided on Form N-8B-2 is mandatory. The 
information provided on Form N-8B-2 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.
    The Commission 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.
    General comments regarding the above information should be directed 
to the following persons: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; and (ii) Michael E. Bartell, Associate Executive 
Director, Office of Information Technology Securities and Exchange 
Commission, 450 Fifth Street, NW., Washington, DC 20549. Comments must 
be submitted to OMB within 30 days of this notice.

    Dated: July 24, 2001.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-19430 Filed 8-2-01; 8:45 am]
BILLING CODE 8010-01-M