SEC Adopts Amendments to Filing Fee Disclosure and Payment Methods

On October 13, 2021, the SEC adopted amendments to modernize submitting charge disclosure and cost strategies for, amongst others, closed-end funds (apart from interval funds) and enterprise growth firms (BDCs) submitting on Kinds N-2 and N 14. The amendments will remove the charge disclosure presently included on the going through sheets of most registration statements and as a substitute would require that affected registrants embody a submitting charge exhibit with tables presenting all fee-related data in a structured information format. The SEC additionally adopted amendments allowing cost of submitting charges through Automated Clearing Home (ACH) and debit and bank cards, and eradicated the choice to pay submitting charges by paper test or cash order. The amendments typically can be efficient on January 31, 2022; nonetheless, the amendments including or eliminating cost choices can be efficient on Might 31, 2022. Funding firms and BDCs submitting on Kinds N-2 and N-14 will turn out to be topic to the structuring necessities for filings they submit on or after July 31, 2025.

The adopting launch is obtainable here.


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