What Is SEC Form 24F-2?
SEC Form 24F-2 is a filing that are meant to be submitted annually by the use of open-end keep watch over firms with the intention to collect the thought to be vital fees owed by the use of them to the Securities and Exchange Rate (SEC). The form could also be required for face-amount certificate firms and unit investment trusts (UITs).
The form must specify the establish of every assortment or class of securities for which the form is filed, and it must be filed inside of 90 days of the top of the fiscal year during which the company has publicly presented such securities.
Key Takeaways
- SEC Form 24F-2 is an virtual filing that by the use of open-end keep watch over firms or firms that supply mutual budget and ETFs, face-amount certificate firms, and unit investment trusts (UITs).
- The form has to state the establish of every assortment or class of securities for which it is been filed and must be filed inside of 90 days of the top of the fiscal year during which the company presented those securities.
- The form could also be referred to as the “annual perceive of securities purchased” and is mandated as a provision of the Investment Company Act of 1940.
- The purpose of this type is for the SEC to make a decision and collect registration fees from the companies which could be filing.
Understanding SEC Form 24F-2
SEC Form 24F-2, ceaselessly known as “annual perceive of securities purchased,” is wanted by the use of rule 24F-2 beneath the Investment Company Act of 1940. The SEC uses this type to calculate and collect registration fees payable to the Rate by the use of the ones firms. “Open-end keep watch over firms” refers to firms that supply mutual budget and ETFs. Rule 24F-2 does not follow to closed-end budget.
$109.10 consistent with million dollars
Filing fees charged by the use of the SEC for the fiscal year 2021, starting October 1, 2020.
How Investment Companies Report Annual SEC Fees
Investment firms that issue the securities covered by the use of form 24F-2 will typically have issued a few securities with more than a few fiscal years. Form 24F-2 allows a few securities with the an identical fiscal end date to be submitted, and the issuer can calculate its fees according to combination internet product sales of the gathering having the an identical fiscal year end.
Issuers are required to publish the forms electronically using EDGAR and the form must be accompanied by the use of the correct registration price. If the form is being filed late, interest must be paid. Issuers who calculate registration fees on a class-by-class or series-by-series basis may make a single filing consisting of a separate Form 24F-2 for every class or assortment in a single document.
Securities laws require the SEC to make annual adjustments to the costs for fees paid beneath Phase 6(b) of the Securities Act of 1933, which is for the initial registration of securities. Phase 6(b) value could also be the rate used to calculate the costs payable beneath Rule 24F-2.
The SEC has mentioned that filing fees for fiscal 2021 it will be charged at a worth of $109.10 consistent with million dollars, environment friendly October 1, 2020. That could be a drop from the previous fiscal year, through which the rate charged was once $129.80 consistent with million dollars.
