
[Federal Register: October 14, 2008 (Volume 73, Number 199)]
[Notices]               
[Page 60733]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14oc08-95]                         

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SECURITIES AND EXCHANGE COMMISSION

 
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-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 (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-54A (17 CFR 274.53) under the Investment Company 
Act of 1940 (15 U.S.C. 80a-1 et seq.) (the ``Act''); Notification of 
Election to be Subject to Sections 55 through 65 of the Investment 
Company Act of 1940 (15 U.S.C. 80a-54 through 64) Filed Pursuant to 
Section 54(a) of the Act (15 U.S.C. 80a-53(a)).
    Form N-54A is a notification to the Commission of election to be 
regulated as a business development company. A company making such an 
election only has to file a Form N-54A once.
    It is estimated that approximately 6 respondents per year file with 
the Commission a Form N-54A. Form N-54A 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-54A 
would be 3.0 hours per year in the aggregate. The estimated annual 
burden of 3.0 hours represents a decrease of 20.0 hours over the prior 
estimate of 23.0 hours. The decrease in burden hours is attributable to 
a decrease in the number of respondents from 46 to 6.
    The estimate of average burden hours for Form N-54A is made solely 
for the purposes of the PRA and is not derived from a comprehensive or 
even representative survey or study of the costs of Commission rules 
and forms.
    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 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 Lewis W. Walker, Acting 
Director/CIO, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, VA 22312; or send an e-
mail to: PRA_Mailbox@sec.gov.

    Dated: October 6, 2008.
Florence E. Harmon,
Acting Secretary.
 [FR Doc. E8-24239 Filed 10-10-08; 8:45 am]

BILLING CODE 8011-01-P
