The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget for the collection of information through Form N-6F. This form is used by companies to notify the SEC of their intention to register as a business development company under the Investment Company Act of 1940. The SEC estimates that about four companies file this form each year, with each filing taking approximately 0.5 hours to complete, resulting in a total cost of $736 to the industry annually. The information provided on Form N-6F is mandatory and not confidential, and the public can view related documents on the website www.reginfo.gov.
Simple Explanation
The SEC wants permission to keep using a form that helps them know when a company plans to become a special type of investment business. It doesn’t cost much for companies to fill out, and anyone can see the information online.