Yes. In addition to the filing fees required by the state regulators, filers will be assessed a system use fee based upon the type of filing being submitted through the EFD System.
Regulation D, Rule 506 Form D Notice FilingsFilers will incur a $160 system use fee upon submitting the initial notice filing through the EFD System. This fee will be applied one time to each individual filing that you make through the System.
For example, when a new Form D notice filing is submitted via the EFD System, you will be charged the $160 system use fee. If the filer later needs to amend or renew that notice filing, no additional system use fee will be assessed.
Form NF for Unit Investment TrustsFilers will incur a $160 system use fee upon submitting the initial notice filing through the EFD System. The system use fee will be applied at the Trust level, regardless of the number of Series included within the overarching Trust. This fee will be applied one time to each individual filing that you make through the System.
For example, when a new Form NF-UIT notice filing is submitted via the EFD System, you will be charged the $160 system use fee. A filer submitting a Form NF-UIT with one underlying Series will be charged $160. Similarly, a filer submitting a Form NF-UIT with seven underlying Series will be charged $155. If the filer later needs to amend, renew, or terminate that notice filing, no additional system use fee will be assessed.
For purposes of the Form NF-UIT, Trust is defined as the entity holding the underlying Series. A Trust is registered with the Securities and Exchange Commission (SEC) on Form N-8B-2. Series is defined as the portfolio of securities contained with an offering and registered with the SEC on Form S-6.
2020 System Use Fee Increase
Beginning on January 1, 2020, the System Use Fee for Regulation D, Rule 506 Form D Notice Filings and Form NF for Unit Investment Trust Filings will increase to $160. As noted above, this is separate from filing fees required by state regulators.