[Federal Register Volume 71, Number 89 (Tuesday, May 9, 2006)]
[Notices]
[Pages 27013-27014]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-7010]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

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

Extension:
    Form N-6F, SEC File No, 270-185. OMB Control No. 3235-0238.

    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 (``Commission'') has submitted to the Office of Management 
and Budget requests for extension of the previously approved 
collections of information entitled:
     Form N-6F under the Investment Company Act of 1940, Notice 
of Intent to Elect to be Subject to Sections 55 through 65 of the 
Investment Company Act of 1940.
    Certain companies may have to make a filing with the Commission 
before they are ready to elect to be regulated as a business 
development company.\1\ A company that is excluded from the definition 
of ``investment company'' by section 3(c)(1) of the Investment Company 
Act of 1940 because it has fewer than one hundred shareholders and is 
not making a public offering of its securities may lose such an 
exclusion solely because it proposes to make a public offering of 
securities as a business development company. Such a company, under 
certain conditions, would not lose its exclusion if it notifies the 
Commission on Form N-6F [17 CFR 274.15] of its intent to make an 
election to be regulated as a business development company. The company 
only has to file a Form N-6F once.
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    \1\ A company might not be prepared to elect to be subject to 
sections 55 through 65 of the Investment Company Act of 1940 because 
its capital structure or management compensation plan is not yet in 
compliance with the requirements of those sections.
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    It is estimated that approximately 2 respondents per year file with 
the

[[Page 27014]]

Commission a Form N-6F. Form N-6F requires approximately 0.5 burden 
hours per response resulting from creating and filing the information 
required by the Form. The total burden hours for Form N-6F would be 1 
hour per year in the aggregate. The estimated annual burden of 1.0 hour 
represents no change from the prior estimate of 1.0 hour.
    The estimate of average burden hours for Form N-6F is made solely 
for the purposes of the Paperwork Reduction Act and is not derived from 
a comprehensive or even representative survey or study of the cost of 
Commission rules and forms.
    The collection of information under Form N-6F is mandatory. The 
information provided by such Form is not 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.
    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, Room 10102, New Executive Office 
Building, Washington, DC 20503, or e-mail to: [email protected]; and (ii) R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312, or send 
an e-mail to [email protected]. Comments must be submitted to OMB 
within 30 days of this notice

    Dated: May 1, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-7010 Filed 5-8-06; 8:45 am]
BILLING CODE 8010-01-P