[Federal Register Volume 76, Number 178 (Wednesday, September 14, 2011)]
[Notices]
[Pages 56823-56824]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-23386]


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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 Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Form N-54A, SEC File No. 270-182, OMB Control No. 3235-0237.

    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 a request for extension of the previously approved 
collection of information discussed below.
    Under the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) 
(the ``Investment Company Act''), certain investment companies can 
elect to be regulated as business development companies, as defined in 
Section 2(a)(48) of the Investment Company Act (15 U.S.C. 80a-
2(a)(48)). Under Section 54(a) of the Investment Company Act (15 U.S.C. 
80a-53(a)), any company defined in Section 2(a)(48)(A) and (B) may 
elect to be subject to the provisions of Sections 55 through 65 of the 
Investment Company Act (15 U.S.C.

[[Page 56824]]

80a-54 to 80a-64) by filing with the Commission a notification of 
election, if such company has: (1) A class of equity securities 
registered under Section 12 of the Securities Exchange Act of 1934 (15 
U.S.C. 78a et seq.) (``Exchange Act''); or (2) filed a registration 
statement pursuant to Section 12 of the Exchange Act for a class of 
equity securities. The Commission has adopted Form N-54A (17 CFR 
274.53) as the form for notification of election to be regulated as 
business development companies.
    The purpose of Form N-54A is to notify the Commission that the 
investment company making the notification elects to be subject to 
Sections 55 through 65 of the Investment Company Act, enabling the 
Commission to administer those provisions of the Investment Company Act 
to such companies.
    The Commission estimates that on average approximately seven 
business development companies file these notifications each year. Each 
of those business development companies need only make a single filing 
of Form N-54A. The Commission further estimates that this information 
collection imposes a burden of 0.5 hours, resulting in a total annual 
PRA burden of 3.5 hours. Based on the estimated wage rate, the total 
cost to the business development company industry of the hour burden 
for complying with Form N-54A would be approximately $1,120.
    The collection of information under Form N-54A is mandatory. The 
information provided by the 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.
    The public may view the background documentation for this 
information collection at the following Web site, http://www.reginfo.gov . Comments should be directed to: (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 by sending an e-
mail to: [email protected]; and (ii) Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312 or send an 
e-mail to: [email protected]. Comments must be submitted to OMB 
within 30 days of this notice.

    Dated: September 8, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-23386 Filed 9-13-11; 8:45 am]
BILLING CODE 8011-01-P