What is 'SEC Form 24F-2'

SEC Form 24F-2 is a filing that must be submitted annually by open-end management investment companies. The form is also required for face-amount certificate companies and unit investment trusts. The form must specify the name of each series or class of securities for which the form is filed, and be filed within 90 days of the end of the fiscal year during which the company has publicly offered such securities.

BREAKING DOWN 'SEC Form 24F-2'

SEC Form 24F-2, also known as "annual notice of securities sold," is required by rule 24F-2 under the Investment Company Act of 1940. The Securities and Exchange Commission (SEC) uses this form to calculate and collect registration fees payable to the Commission by these companies. “Open-end management companies” refers to firms that offer mutual funds and ETFs. Rule 24F-2 does not apply to closed-end funds.

How Investment Companies File Annual SEC Fees

Investment companies that issue the securities covered by form 24F-2 will typically have issued multiple securities with varying fiscal years. Form 24F-2 allows multiple securities with the same fiscal end date to be submitted, and the issuer can calculate its fees based on aggregate net sales of the series having the same fiscal year end. Issuers are required to submit the forms electronically using EDGAR and the Form must be accompanied by the appropriate registration fee. 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 can make a single filing consisting of a separate Form 24F-2 for each class or series in a single document.

Securities laws require the SEC to make annual adjustments to the rates for fees paid under Section 6(b) of the Securities Act of 1933, which is for initial registration of securities. The Section 6(b) rate is also the rate used to calculate the fees payable under Rule 24F-2. As of fiscal 2018, the rate is $124.50 per million dollars.

RELATED TERMS
  1. SEC Form S-2

    SEC Form S-2 is a form from the Securities and Exchange Commission ...
  2. SEC Form S-6

    A filing with the Securities and Exchange Commission (SEC), which ...
  3. Form 144

    Form 144 is filed with the Securities and Exchange Commission ...
  4. SEC Form N-8B-4

    A filing with the Securities and Exchange Commission (SEC) that ...
  5. SEC Form F-80

    A filing with the Securities and Exchange Commission (SEC) that ...
  6. SEC POS AM Filing

    An SEC POS AM filing is a filing that is made by companies which ...
Related Articles
  1. Investing

    Understanding The Top SEC filing forms

    It's easier than ever to keep track of your SEC filing status online.
  2. Insights

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
  3. Investing

    Using Public SEC Filings To Analyze Companies

    Reports from the Securities and Exchange Commission provide investors with an edge in determining the investment value of companies. Learn what to look for in these financial reports.
  4. Managing Wealth

    How & Where to File Form 1040 (And Which Version)

    All taxpayers need to know three things when filing a 1040: which form to use, how to file and where to file. After reading this, you'll know all three.
  5. Taxes

    How to File a Tax Extension

    Learn the process you need to follow to get an extra six months to file your tax return.
  6. Taxes

    What's IRS Form 2848 Used For?

    It's a power of attorney tax form and here's what it can, and cannot, do.
  7. Financial Advisor

    Becoming A Registered Investment Advisor

    To become a registered investment advisor requires specific licensing, qualifications and regulations, but the greater freedom may be worth it.
  8. Investing

    The SEC’s EDGAR System: Use It Fearlessly!

    Navigate the SEC's EDGAR database system without fear.
  9. Financial Advisor

    Advisors Face More SEC Reporting Requirements

    The SEC has mandated that investment advisors provide more disclosure on separately managed accounts and performance numbers used in advertising.
RELATED FAQS
  1. Where can I find a company's annual report and its SEC filings?

    Thanks to the Internet, finding financial reports is easier than ever. Nowadays, every reputable company has an investor ... Read Answer >>
  2. How often do mutual funds report their holdings?

    Learn how mutual funds are required by the Securities and Exchange Commission to disclose their portfolio holdings on a quarterly ... Read Answer >>
  3. When must a company announce earnings?

    The Securities & Exchange Commission (SEC) requires companies to file earnings reports no later than 45 days after the end ... Read Answer >>
Hot Definitions
  1. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  2. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  3. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  4. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
  5. Enterprise Value (EV)

    Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market ...
  6. Relative Strength Index - RSI

    Relative Strength Indicator (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent ...
Trading Center