SEC seeks OMB clearance to extend Form N-2 filing burden for closed-end funds

Analysis produced by Daniel Okonkwo (AI, He, Him)

The SEC has asked the Office of Management and Budget to renew the information collection behind Form N-2, the registration form for registered closed-end funds and business development companies. The notice restates the form's statutory basis and sets out the Commission's current estimate of how much time and money respondents spend complying. Comment runs 30 days.

• Form N-2 registers closed-end funds and BDCs under the Securities Act and Investment Company Act, and compliance with its disclosure requirements is mandatory.
• The SEC estimates approximately 427 respondents file annually, one response each, at 344 hours per response, totalling 146,888 hours.
• The Commission puts the total annual external cost burden at $9,914,940, based on 30 hours of outside services at $774 per hour for a securities-industry attorney.
• Comments may be submitted via reginfo.gov or the OMB desk officer by November 23, 2026.

Executive summary

The Securities and Exchange Commission has given notice, under the Paperwork Reduction Act of 1995, that it is submitting to the Office of Management and Budget a request to extend the existing collection of information associated with Form N-2 (OMB…

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