SEC Proposes to Modernize Filing Fee Disclosure and Payment Methods

The SEC has issued a proposed rule, Filing Fee Disclosure and Payment Method Modernization.

The proposal would “amend most fee-bearing forms, schedules, statements, and related rules to require each fee table and accompanying disclosure to include all required information for fee calculation in a structured format.” In addition, the proposal would allow a fee to be paid by using the Automated Clearing House payment system and remove the option of paying a fee by using paper check and money orders.

Comments on the proposed rule are due 60 days after the date of its publication in the Federal Register. For more information, see the proposed rule on the SEC’s Web site.