Form N-14, for the registration of securities under the Securities Act of 1933 issued in business combination transaction by investment companies and business development companies.

Forms and Documents

Document Name	Status
Form SEC2106 Form N-14, for the registration of securities under the Securities Act of 1933 issued in business combination transaction by investment companies and business development companies. Form	Modified
Form N-14 Supporting Statement (3-05 Proposal).pdf Supporting Statement A	2021-07-26

IC Document Collections

IC ID	Document Title	Status
34876	Form N-14, for the registration of securities under the Securities Act of 1933 issued in business combination transaction by investment companies and business development companies. Form	Modified

ICR Details

OMB Control No: 3235-0336	ICR Reference No: 202107-3235-017
Status: Received in OIRA	Previous ICR Reference No: 202008-3235-009
Agency/Subagency: SEC	Agency Tracking No: IM-270-297
Title: Form N-14, for the registration of securities under the Securities Act of 1933 issued in business combination transaction by investment companies and business development companies.
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 08/03/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2024
Responses	253	253
Time Burden (Hours)	122,360	125,260
Cost Burden (Dollars)	2,362,000	5,842,000

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Abstract: Form N-14 is the registration statement used by investment companies and business development companies to register under the Securities Act of 1933 securities to be issued in mergers and other forms of business combinations. Form N-14 provides investors with material information regarding such securities. The information filed also permits the SEC to verify compliance with securities laws.

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Authorizing Statute(s): US Code: 15 USC 77e Name of Law: Securities Act of 1933
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL77	Proposed rulemaking	84 FR 24600	05/28/2019

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form N-14, for the registration of securities under the Securities Act of 1933 issued in business combination transaction by investment companies and business development companies.	SEC2106	Form N-14

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	253	253	0	0	0	0
Annual Time Burden (Hours)	122,360	125,260	0	-2,900	0	0
Annual Cost Burden (Dollars)	2,362,000	5,842,000	0	-3,480,000	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated hourly burden associated with Form N 14 has decreased from 125,260 hours to 122,360 (a decrease of 2,900 hours). In addition, the cost burden associated with Form N 14 has decreased from $5,842,000 to $2,362,000 (a decrease of $3,480,000). The changes in burden hours and external cost burdens are due to the estimates of the time burden and external costs that will result from the proposed amendments streamlining the financial reporting on Form N-14 relating to acquisitions involving investment companies.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 08/03/2021

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