ARTICLE
18 October 2021

SEC Amends Filing Fee Disclosure And Payment Methods

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The SEC adopted amendments to its filing fee disclosure and payment methods.
United States Corporate/Commercial Law
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The SEC adopted amendments to its filing fee disclosure and payment methods. The amendments (i) require companies and funds to report filing fee calculation information in "a structured format" in "most fee-bearing forms, schedules and required [filings]" and (ii) provide new Automated Clearing House and debit and credit card payment options for filing fees.

SEC Chair Gary Gensler said that the amendments facilitate more efficient form processing by the SEC and provide cheaper and easier fee payment options for filers.

Primary Sources

  1. SEC Press Release: SEC Modernizes Filing Fee Disclosure and Payment Methods
  2. SEC Final Rule: Filing Fee Disclosure and Payment Methods Modernization
  3. SEC Fact Sheet: Modernizing Filing Fee Disclosure and Payment Methods
  4. SEC Statement, Gary Gensler: Statement of Support – Modernization of Filing Fees and Payment Methods

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