Section 26-B249. SECURITIES REGISTRATION FEES

 

249.1An issuer filing an application for registration by Notification pursuant to § 201, Coordination pursuant to § 202, or Qualification pursuant to § 204 shall pay a filing fee in the amount of 1/10 of 1% of the maximum aggregate offering price with a minimum of $ 500 and maximum of $ 1500.

 

249.2An issuer filing an application for registration by Coordination of Shelf Registration pursuant to SEC Rule 415 of the 1933 Act, as provided in § 203 shall pay a fee in the amount of 1/10 of 1% of the maximum aggregate offering price with a minimum of $ 500 and maximum of $ 1500; and the Limited Offering Exemption pursuant to § 244 shall pay a fee in the amount of 1/10 of 1% of the maximum aggregate offering price with a minimum of $ 250 and maximum of $ 1500.

 

249.3An issuer filing an application for Small Corporate Offering registration pursuant to § 205 shall pay a fee in the amount of 1/10 of 1% of the maximum aggregate offering price with a minimum of $ 250 and maximum of $ 1000.

 

249.4An issuer making a notice filing for offerings of investment company securities pursuant to § 240 shall pay a fee in the amount of a $ 400 non-refundable notice filing fee per class at the time of an initial notice filing, and shall pay an additional amount per class as provided below for the period covered by that notice filing at the time of filing a renewal filing or a final filing as provided in §§ 240.2 and 240.3. At the expiration of a notice filing period, the issuer has the option of paying: (1) an additional flat fee of $ 1300 per class; or (2) an additional fee of 1/10 of 1% of gross sales in the District less the initial payment of $ 400. Issuers that elect option (2) must file a sales report that sets forth the dollar volume of sales of the subject securities to residents of the District for each class for which that option is elected. For example, electing option (2) is shall be required to pay a $ 400 non-refundable fee paid at the time of the initial filing. If gross sales in the District equal $ 900,000, 1/10 of 1% of gross sales equals $ 900. The additional fee would be $ 500 ($ 900 -- 400). If 1/10 of 1% of gross sales is less than $ 400, then no additional fee is required. The renewal fee is $ 400 per class payable at the time of the renewal filing.

 

249.5A unit investment trust that requests a notice filing period of 18 months as provided in § 240.6, shall pay an additional fee of $ 200 for a total of $ 600 due at the time of the notice filing. At the expiration of the eighteen month notice filing period, the issuer has the option of paying: (1) a flat fee of $ 1950 per class; or (2) a fee of 1/10 of 1% of gross sales in the District less the initial payment of $ 600. Issuers that elect option (2) must file a sales report that sets forth the dollar volume of sales of the subject securities to residents of the District for each class for which that option is elected.

 

249.6As provided in § 240.6, the period of effectiveness of a notice filing for a unit investment trust and closed-end management company shall be 12 months from the effective date of the initial filing, and the anniversary date of that filing for subsequent years, so long as the requirements of § 240 are complied with. The period of effectiveness of face amount certificate and open-end management companies shall expire on the day the issuer's fiscal year ends. If the effective date of the initial notice filing of face amount certificate, and open-end management companies is not the first day of the issuer's fiscal year, the $ 1300 payment that is an option at the end of the notice filing period shall be prorated on the basis of one twelfth of $ 1300 for each month or portion of a month between the effective date of the filing and the expiration date of the filing. For example, if the initial notice filing effective date is June 1, 2001, and the issuer has a fiscal year end of December 31, 2001, the fee under option (1) of § 249.4 would be $ 758.33 (7/12 x $ 1300).

 

249.7An issuer filing an application for securities covered under §§ 18(B)(3) and (B)(4)(A) through (B)(4)(C), pursuant to § 241 shall pay a fee in the amount of $ 250 due at the time of notice filing.

 

249.8An issuer filing an application for securities covered under §§ 18(B)(4)(D), pursuant to § 242 shall pay a fee in the amount of $ 250 due at the time of notice filing.

 

249.9An applicant for initial or renewal registration as an issuer agent license shall pay a fee in the amount of $ 45.00.

 

249.10A person requesting a no action letter or interpretive opinion shall pay a fee in the amount $ 250.00.

 

249.11An issuer claiming an exemption under § 243 shall pay a fee in the amount of $ 100.00, due at the time of the filing."

 

249.12All fees due under §§ 249.1 through 249.11 shall be paid by check or money order made payable to the "D.C. Treasurer".

 

249.13There shall be a nonrefundable filing fee of $250.00 for every notice of claim of exemption filed under Section 250. 

 

 

authority

Section 403 of the Securities Act of 2000 (Act), effective October 26, 2000 (D.C. Law 13-203, D.C. Official Code § 31-5604.03 (2012 Repl.)).

source

Final Rulemaking published at 40 DCR 6732 (September 24, 1993); as amended by Emergency Rulemaking published at 47 DCR 9910 (December 15, 2000) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 1987 (March 2, 2001) [EXPIRED]; as amended by Emergency and Proposed Rulemaking published at 48 DCR 3952 (May 4, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 4106 (May 11, 2001); as amended by Emergency and Proposed Rulemaking published at 48 DCR 9177 (October 5, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 10879 (November 30, 2001); as amended by Final Rulemaking published at 57 DCR 126 (January 1, 2010); as amended by Final Rulemaking published at 61 DCR 11203 (October 24, 2014).