On Aug. 31, 2016, the SEC announced its yearly adjustment to the fee rate paid under the securities laws. Starting in fiscal year 2017, companies must pay $115.90 per million dollars to register securities, an increase from the previous rate of $100.70 per million dollars. The new rate increases the applicable rates under the Securities Act for the registration of securities and under the Exchange Act for the repurchase of securities, as well as for proxy solicitations and statements in corporate control transactions. The adjustment also increases rates for securities sold pursuant to Rule 24f-2 of the Investment Company Act of 1940. The new rate will go into effect Oct. 1, 2016.