Enter to open, tab to navigate, enter to select
SEC Issues New Fee Rate Advisory for Fiscal Year 2017
Practical Law Legal Update w-003-3124 (Approx. 3 pages)
SEC Issues New Fee Rate Advisory for Fiscal Year 2017
by Practical Law Corporate & Securities
| Published on 01 Sep 2016 • USA (National/Federal) |
The SEC issued a new fee rate advisory for fiscal year 2017.
On August 31, 2016, the SEC issued a press release announcing a new fee rate advisory for fiscal year 2017. 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 2017 is $585 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, 2016, the applicable fee rates will increase from $100.70 per million dollars to $115.90 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 and Checklist, Securities Offerings: SEC Filing Fees at a Glance.