Pursestrings Update VIII (or is it IX?): CDBS Fee Calculation Glitch Apparently Resolved
It appears that the Commission’s technical team has successfully resolved the problem reported in our last update. Recent anecdotal observations indicate that the “new” application filing fees – you know, the ones which were adopted by the Commission last September, and which officially went into effect on April 28 – are finally being automatically generated by the Commission’s CDBS on-line application filing/fee payment systems. (No word yet on whether the problem has been resolved on the Commission’s IBFS database.)
As recently as May 11, a glitch in the system was resulting in licensees being prompted to pay the old, lower, fees. But as we reported then, the Commission will not be giving a free pass to those who paid the incorrect fees during this time. The Commission may approach each licensee individually to request the difference in fees, or may announce a set of procedures for licensees to submit the additional fees.
