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.

ICR 202205-3235-037

OMB: 3235-0336

Federal Form Document

ICR Details
3235-0336 202205-3235-037
Received in OIRA 202008-3235-009
SEC IM-270-297
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.
Revision of a currently approved collection   No
Regular 05/23/2022
  Requested Previously Approved
36 Months From Approved 07/31/2024
253 253
125,263 125,260
5,846,050 5,842,000

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.

US Code: 15 USC 77e Name of Law: Securities Act of 1933
  
None

3235-AL96 Final or interim final rulemaking 86 FR 70166 12/09/2021

No

  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
Yes
Miscellaneous Actions
No
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.

No
    No
    No
No
No
No
No
Amy Miller 202 551-4447

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
05/23/2022


© 2024 OMB.report | Privacy Policy