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 (A-Fee Tagging) Supporting Statement.pdf Supporting Statement A	2022-05-23

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: 202205-3235-037
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: 05/23/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2024
Responses	253	253
Time Burden (Hours)	125,263	125,260
Cost Burden (Dollars)	5,846,050	5,842,000

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Abstract: Form N-14 is used by management investment companies and business development companies (collectively, "funds") to register under the Securities Act of 1933 securities to be issued in certain types of transactions, including certain fund mergers. Form N-14 provides investors with material information regarding such securities. The information filed also permits the SEC to verify compliance with securities laws. On October 13, 2021, the Commission adopted rules modifying most fee-bearing forms, schedules, statements, and related rules to require all fee calculation disclosure information in a new filing fee exhibit that will be structured in Inline XBRL. In particular, amended Form N‑14 requires (non-interval) registered closed-end investment companies and BDCs to disclose all filing fee information associated in the filing fee exhibit.

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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-AL96	Final or interim final rulemaking	86 FR 70166	12/09/2021

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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)	125,263	125,260	0	3	0	0
Annual Cost Burden (Dollars)	5,846,050	5,842,000	0	4,050	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The rule amendments will modernize filing fee disclosure and payment methods. The amendments will revise most fee-bearing forms, schedules, statements, and related rules to require each filing fee table and accompanying disclosure to include all required information for fee calculation in a structured format using Inline XBRL. The amendments also will add options for fee payment via ACH and debit and credit cards and eliminate options for fee payment via paper checks and money orders. Finally, the amendments also will make other fee-related revisions. The Commission anticipates that the amendments will, in the aggregate, increase the burdens and costs on affected entities due to changes in fee calculation disclosure requirements and the new requirement to structure fee-related information. For purposes of the PRA, the Commission estimates that, the amendments to Form N-14 will result in an increase of 3 internal burden hours, and an increase of $4,050 in external costs for the services of outside professionals to comply with the new filing fee exhibit disclosure requirements. In the aggregate, we estimate that filers will spend approximately 125,263 total burden hours, and $5,846,050 in total external costs for the services of outside professionals to comply with Form N-14. These figures reflect the Commission’s revision and update of burden estimates for Form N-14, including the new burdens associated with the rulemaking changes.

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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: 05/23/2022

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