Licensing and Regulatory Affairs
There is an initial or first-year filing fee of $500.00.
Renewal fees for subsequent years are based upon a schedule of four flat fees. The issuer will estimate the amount of nonexempt shares it expects to sell in Michigan over the coming notice filing year. Such estimates must be reasonable and based on any facts known to the issuer at the time of renewal that may affect sales of the security, including, but not limited to, nonexempt sales during the notice filing period being renewed. Once the issuer estimates the amount of shares it expects to sell in Michigan, it must pay a renewal fee in accordance with the following schedule:
Unit Investment Trusts are treated as initial filers and assessed a one-time filing fee of $500.00. The filing fee will provide indefinite effectiveness.