[Federal Register Volume 64, Number 5 (Friday, January 8, 1999)]
[Notices]
[Page 1245]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-415]
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SECURITIES AND EXCHANGE COMMISSION
Extension; Comment Request
Upon Written Request, Copy Available From: Securities and Exchange
Commission, Office of Filings and Information Services, 450 Fifth
Street, N.W., Washington, D.C. 20549
Extension
Form N-14, SEC File No. 270-297, OMB Control No. 3235-0336
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'') 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-14--Registration Statement Under the Securities Act of 1933
for Securities Issued in Business Combination Transactions by
Investment Companies and Business Development Companies. Form N-14 is
used by investment companies registered under the Investment Company
Act of 1940 [15 U.S.C. 80a-1 et seq.] (``Investment Company Act'') and
business development companies as defined by section 2(a)(48) of the
Investment Company Act to register securities under the Securities Act
of 1933 [15 U.S.C. 77a et seq.] to be issued in business combination
transactions specified in Rule 145(a)(17 CFR 230.145(a)) and exchange
offers. The securities are registered under the Securities Act to
ensure that investors receive the material information necessary to
evaluate securities issued in business combination transactions. The
Commission staff reviews registration statements on Form N-14 for the
adequacy and accuracy of the disclosure contained therein. Without Form
N-14, the Commission would be unable to verify compliance with
securities law requirements. The respondents to the collection of
information are investment companies or business development companies
issuing securities in business combination transactions. The estimated
number of responses is 283 and the collection occurs only when a merger
or other business combination is planned. The estimated total annual
reporting burden of the collection of information is approximately 620
hours per response for a new registration statement, and approximately
350 hours per response for an amended Form N-14, for a total of 140,090
annual burden hours.
Written comments are invited on: (a) whether the proposed
collection of information is necessary for the proper performance of
the Commission's mission, including whether the information will have
practical utility; (b) the accuracy of the Commission'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 Michael E. Bartell,
Associate Executive Director, Office of Information Techology,
Securities and Exchange Commission, 450 5th Street, N.W., Washington,
DC 20549.
Dated: December 29, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-415 Filed 1-7-99; 8:45 am]
BILLING CODE 8010-01-M