The US Securities and Exchange Commission (SEC) has announced a decrease in the filing fees to be paid by public companies and other issuers. Effective October 1, 2018, the first day of the SEC’s 2019 fiscal year, the filing fee rate will decrease 2.7 percent from the current rate of $124.50 per million dollars to $121.20 per million dollars for:

  • The registration of securities under the Securities Act of 1933;
  • The repurchase of securities in going private transactions pursuant to Section 13(e) of the Securities Exchange Act of 1934 (Exchange Act);
  • Certain proxy solicitations and statements in corporate control transactions pursuant to Section 14(g) of the Exchange Act; and
  • The payment of fees in connection with the Annual Notice of Securities Sold Pursuant to Rule 24f-2 under the Investment Company Act of 1940.

The fiscal year 2019 filing fee decrease follows two years of filing fee increases. Companies that are planning on submitting filings later in 2018 for which a filing fee will be paid at the time of filing may want to consider whether they have the flexibility to file after October 1, 2018, to take advantage of the filing fee decrease.

New filing and transaction fee rates for the SEC’s 2020 fiscal year will be announced by August 31, 2019.