SEC Issues New Fee Rate Advisory for Fiscal Year 2014 | Practical Law

SEC Issues New Fee Rate Advisory for Fiscal Year 2014 | Practical Law

The SEC issued a new fee rate advisory for fiscal year 2014.

SEC Issues New Fee Rate Advisory for Fiscal Year 2014

Practical Law Legal Update 9-540-0526 (Approx. 3 pages)

SEC Issues New Fee Rate Advisory for Fiscal Year 2014

by Practical Law Corporate & Securities
Published on 30 Aug 2013 • USA (National/Federal)
The SEC issued a new fee rate advisory for fiscal year 2014.
On August 30, 2013, the SEC issued a press release announcing a new fee rate advisory for fiscal year 2014. The SEC makes annual adjustments to the rates for fees paid under Section 6(b) of the Securities Act and Sections 13(e) and 14(g) of the Exchange Act to generate collections equal to annual statutory target amounts. The statutory target amount for fiscal year 2014 is $485 million.
The new fee rate advisory amends the applicable fee rates:
  • Under Section 6(b) of the Securities Act, for the registration of securities.
  • Under Section 13(e) of the Exchange Act, for the repurchase of securities.
  • Under Section 14(g) of the Exchange Act, for proxy solicitations and statements in corporate control transactions.
  • For the Annual Notice of Securities Sold Pursuant to Rule 24f-2 under the Investment Company Act of 1940.
Effective October 1, 2013, the applicable fee rates will decrease from $136.40 per million dollars to $128.80 per million dollars.
For more information on SEC filing fees, including a chart of the current fees, see Practice Note, SEC Filing Fees and How to Calculate Them.