SEC Filing Fee Exhibit, Payment And Related Changes

Amendments adopted by the U.S. Securities and Exchange Commission (SEC) have changed a variety of SEC rules, forms and schedules related to disclosure and payment of SEC filing fees. As summarized in an SEC fact sheet, the most visible changes for most filings will be (1) replacing the current fee table on the cover page and in the EDGAR submission header of most fee-bearing SEC filings with new fee table exhibits and (2) changes in fee payment methods. The amendments will improve and expedite SEC review of filing fee calculations. The new methods for payment of filing fees will provide filers with more flexibility, but will also require companies to consider how their choice of fee payment methods may affect timely fee payment in order to avoid the consequences of late fee payments. The amended rules, forms and schedules that implement the new fee table exhibits became effective on January 31, 2022. The amended fee payment rules will become effective on May 31, 2022.