On May 7, the Securities and Exchange Commission announced that, effective the later of October 1 or five days after the SEC receives its fiscal year 2008 regular appropriation, the Section 6(b) fee rate applicable to the registration of securities, the Section 13(e) fee rate applicable to the repurchase of securities and the Section 14(g) fee rates applicable to proxy solicitations and statements in corporate control transactions will increase to $39.30 per million from the current rate of $30.70 per million. The Section 6(b) rate is also the rate used to calculate the fees payable with the Annual Notice of Securities Sold Pursuant to Rule 24f-2 under the Investment Company Act of 1940.
In addition, effective the later of October 1 or 30 days after the date on which the SEC receives its fiscal year 2008 regular appropriation, the Section 31 fee rate applicable to securities transactions on the exchanges and certain over-the-counter markets will decrease to $11.00 per million from the current rate of $15.30 per million. The assessment on security futures transactions under Section 31(d) will remain unchanged at $0.0042 for each round turn transaction.
The SEC will issue further notices as appropriate to keep the public informed of developments relating to the effective dates of the fee rates described above.
The proceeds from filing fees go directly to the U.S. Treasury and are unrelated to the SEC budget. The fee increases represent a 28% increase, the first increase in some time and they follow a decrease of 70% last year.