SEC Form So Rare It Costs Entire Industry Just $1,161 a Year
Published Date: 9/15/2026
Notice
Summary
The SEC is asking for comments on extending Form N-6F, which companies use to tell the SEC they plan to become business development companies. This form helps certain companies keep special status while preparing to meet new rules. Only about 3 companies file this form yearly, spending just half an hour each, costing around $1,161 total industry-wide.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Use Form N-6F to Preserve 3(c)(1) Exclusion
If your company is excluded from the definition of “investment company” under Section 3(c)(1) and plans to make a public offering as a business development company (BDCs), your company can notify the SEC of its intent by filing Form N-6F once to avoid losing that exclusion while it prepares to elect to be subject to Sections 55 through 65 of the Investment Company Act of 1940.
Small Paperwork Time and Industry Cost
The SEC estimates about 3 companies file Form N-6F each year, each filing takes 0.5 hours, for a total annual paperwork burden of 1.5 hours and an estimated industry cost of approximately $1,161.00 per year.
Filing Is Mandatory and Not Confidential
Filing Form N-6F is mandatory for the covered notification and the information provided on the form is not kept confidential by the SEC.
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Key Dates
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