Issuers filing a Unit Investment Trust in Minnesota must file a notice (Form NF) and the applicable fee to the Minnesota Department of Commerce. The Department participates in NASAA’s Electronic Filing Depository (EFD) system, which issuers may use instead of submitting physical forms or payments.

Notice filing requirements pertaining to unit investment trusts are found in Minnesota Statute 2024, section 80A.50(a)(1) and Minnesota Rule 2876.3020 Subp.1.

Fee

• $100 + 1/20 of 1% of maximum aggregate offering in Minnesota. There is no maximum.
• Excess Sale: 3x (1/20 of one percent of the excess sale), plus a filing fee of $100.
• Amendment fee: $25
• Amendment + Increase of aggregate amount: $25 + 1/20 of 1% of the increase amount

Fee amounts are defined in Minnesota Statute section 80A.65(1).  Fees applicable to federal covered securities are outlined in the table below. Checks should be made payable to the Minnesota Department of Commerce.