[Federal Register Volume 74, Number 202 (Wednesday, October 21, 2009)]
[Notices]
[Pages 54109-54110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-25206]
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SECURITIES AND EXCHANGE COMMISSION
[Form N-8A; File No. 270-135; OMB Control No. 3235-0175]
Proposed Collection; Comment Request
Upon written request, copy available from: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
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 Investment Company Act of 1940, as amended (``1940 Act'') (15
U.S.C.
[[Page 54110]]
80a-1 et seq.), requires investment companies to register with the
Commission before they conduct any business in interstate commerce.
Section 8(a) of the 1940 Act provides that an investment company shall
be deemed to be registered upon receipt by the Commission of a
notification of registration in such form as the Commission prescribes.
Form N-8A (17 CFR 274.10) is the form for notification of registration
that the Commission has adopted under section 8(a). The purpose of such
notification of registration provided on Form N-8A is to notify the
Commission of the existence of investment companies required to be
registered under the 1940 Act and to enable the Commission to
administer the provisions of the 1940 Act with respect to those
companies. After an investment company has filed its notification of
registration under section 8(a), the company is then subject to the
provisions of the 1940 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, 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 a registration
statement as required by Section 8(b) of the 1940 Act concurrently with
its notification of registration, 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.
Each year approximately 105 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 1 hour so that
the total burden of preparing Form N-8A for all affected investment
companies is 105 hours. Estimates of average 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 Commission rules and forms.
The collection of information on Form N-8A is mandatory. The
information provided on Form N-8A 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 OMB
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 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: October 14, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-25206 Filed 10-20-09; 8:45 am]
BILLING CODE 8011-01-P