Securities and Exchange Commission December 27, 2019 – Federal Register Recent Federal Regulation Documents

We are proposing amendments that would modernize filing fee disclosure and payment methods. We are proposing to amend most fee- bearing forms, schedules, statements, and related rules to require each fee table and accompanying disclosure to include all required information for fee calculation in a structured format. The proposed amendments would add the option for fee payment via Automated Clearing House (``ACH'') and eliminate the option for fee payment via paper checks and money orders. The proposed amendments are intended to improve filing fee preparation and payment processing by facilitating both enhanced validation through fee structuring and lower-cost, easily routable payments through the ACH payment option. Finally, the Commission proposes other amendments to enhance the efficiency of the fee process.