Securities and Exchange Commission August 2010 – Federal Register Recent Federal Regulation Documents

Summary of the Application: Kohlberg Capital Corporation (``Kohlberg Capital'') requests an order to permit it to issue restricted shares of its common stock (i.e., stock that, at the time of issuance, is subject to certain forfeiture restrictions, and thus is restricted as to its transferability until such forfeiture restrictions have lapsed) (``Restricted Stock'') to its directors who are not also employees or officers of Kohlberg Capital (``Non-Employee Directors'') under the terms of its 2010 Amended and Restated Non-Employee Director Plan (together with any Kohlberg Capital executive compensation plan that did, does, or may in the future, exist, ``Plans'').

The Securities and Exchange Commission (``Commission'') is amending its Informal and Other Procedures to add a rule to facilitate interim Commission review of Public Company Accounting Oversight Board (``PCAOB'') inspection reports under Section 104(h) of the Sarbanes- Oxley Act of 2002 (the ``Act''), and its Rules of Organization and Program Management and Rules of Practice to delegate authority to the Chief Accountant related to these reviews. The Commission is also establishing a subpart in its Informal and Other ProceduresRegulation Pto include procedural rules relating to the PCAOB.