On August 25th, the SEC announced that the fees that public companies and other issuers pay to register their securities with the SEC will be $147.60, an increase from $110.20 per million dollars in the previous fee rate advisory. The change in the fee rate will be effective October 1.
The new fee rate will apply to the following:
- registration of securities under Section 6(b) of the Securities Act of 1933
- repurchase of securities under Section 13(e) of the Securities Exchange Act of 1934
- proxy solicitations and statements in corporate control transactions under Section 14(g) of the Securities Exchange Act of 1934
Under the securities laws, the SEC is required to make annual adjustments to the rates for fees paid pursuant Section 6(b) of the Securities Act of 1933, which also adjusts the annual fee rates under:
- Sections 13(e) and 14(g) of the Securities Act of 1934
- Rule 24f-2 under the Investment Company Act of 1940
The SEC is required to set rates for fees to levels that it estimates will generate collections equal to annual statutory target amounts. The SEC’s estimations are calculated using a process developed in consultation with the Office of Management and Budget and the Congressional Budget Office. By adjusting the fiscal year 2023 target collection amount of $815,557,629 million for the rate of inflation, the SEC determined the statutory target amount for fiscal year 2024 to be $839,771,535.
For further details, see Order Making Fiscal Year 2024 Annual Adjustments to Registration Fee Rates on the SEC’s website. The SEC will publish additional notices on sec.gov to keep the public apprised of developments relating to fees.
Sources:
SEC Announces First Fee Rate Advisory for Fiscal Year 2024 (sec.gov)
Order Making Fiscal Year 2024 Annual Adjustments to Registration Fee Rates (sec.gov)
