On July 11th, XBRL US hosted a webinar reminding reporting entities of impending compliance dates for new SEC requirements related to the Filing Fee Disclosures and Payments Method Modernization rule. A recording of this webinar is now available for interested parties to view.
To help filers prepare for the upcoming changes, industry experts, including Novaworks’ CEO and Chairman of the XBRL US Domain Steering Committee Scott Theis, shared information and guidance on the following matters:
Provisions of the Filing Fee Disclosures and Payments Method Modernization rule
Inline XBRL structuring requirements for filing fee information
How to work with the SEC’s new Fee Exhibit Preparation Tool (FEPT), manage footnotes, and discover guidance information available to help
The SEC’s basis for the rule and technical guidance on implementation
Upcoming Compliance Deadlines for Fee-Based Filing Payments Modernization:
July 31, 2024 - Large accelerated filers will become subject to the structuring requirements for filings they submit
July 31, 2025 - Accelerated filers, certain investment companies that file registration statements on Forms N-2 and N-14, and all other filers will become subject to the structuring requirements for filings they submit
This webinar is now available to view on YouTube.com:
As a reminder, GoFiler already contains its own Fee Exhibit Editor, which provides filers with all the tools necessary to prepare filing fee exhibits in iXBRL. Feel free to call us at (585) 424-1700 or email us at sales@novaworkssoftware.com for more information or to schedule a demonstration.
