SEC Seeks to Keep Form N-2, the Investor Disclosure Workhorse
Published Date: 10/21/2026
Notice
Summary
The SEC is asking to keep using Form N-2, which helps certain investment funds and business development companies register and share important info with investors. This form makes sure investors get clear details before buying shares. No big changes or extra costs are planned, and the extension keeps things running smoothly without delays.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Form N-2 Filing Required for Offerings
If you operate a registered closed-end fund or a business development company (BDC), you must use Form N-2 to register under the Securities Act and to provide a prospectus when making initial or additional offerings of securities or when amending a registration statement. Compliance with Form N-2 is mandatory and responses will not be kept confidential.
Estimated Annual Time and Money Burden
The SEC estimates 427 respondents file Form N-2 annually, with 1 response per respondent at 344 hours per response for a total annual time burden of 146,888 hours. The SEC also estimates total annual external costs of $9,914,940, based on 30 hours of outside attorney services at $774 per hour (about $23,220 per response).
Filed Information Made Public
Information provided on Form N-2 will be publicly available and will not be kept confidential, so investors and other members of the public can access a fund's registration statement and prospectus.
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