SEC proposes changes to fee payment and disclosure rules

Posted by Howard Berkenblit on October 25, 2019 at 10:25 AM
Find me on:

Yesterday, the SEC proposed amendments ( that would modernize filing fee disclosure and payment methods for most SEC forms that require fees to be paid. The amended rules, if approved, would require each fee table and accompanying disclosure to include all required information for fee calculation (not just certain aspects, as is the case under the current rules) in a structured format using inline XBRL. This would purportedly allow the SEC to better automate the fee verification on their end and in theory make the fee process more efficient. The proposed amendments would also add the option for fee payment via Automated Clearing House ("ACH") and eliminate the option for fee payment via paper checks and money orders.

Topics: SEC Filings, Automated Clearing House, ACH

Sullivan 4c

About the Blog

The SEC Pulse provides updates and commentary from our Capital Markets Group on issues affecting publicly traded and privately owned businesses, investment banks and foreign companies who trade or raise capital in the United States, and boards of directors and company officers in securities transactions and corporate governance matters.

The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.

Subscribe to Blog

Recent Posts

Posts by Topic

see all