On August 23, the Securities and Exchange Commission (SEC) announced that effective October 1, 2021, the fees that public companies and other issuers pay to register their securities with the SEC will be set at $92.70 per million dollars of the proposed maximum aggregate offering price of the securities to be registered, a 15% reduction as compared to the prior year.
This annual adjustment to fees paid under Section 6(b) of the Securities Act also applies to the fee applicable to repurchases of securities under Section 13(e) of the Securities Act, proxy solicitations and statements in corporate control transactions pursuant to Section 14(g) of the Securities Act and annual notices of securities sold pursuant to Rule 24f-2 under the Investment Company Act of 1940. The SEC is required to set the rates for fees paid under Section 6(b) of the Securities Act to levels that the SEC projects will generate collections equal to annual statutory targets.
If you have any questions regarding the SEC’s registration filing fee change, please feel free to email the authors directly or, if applicable, contact your primary Bass, Berry & Sims relationship attorney.
About the Bass, Berry & Sims Corporate & Securities Practice
Public and private companies of all sizes across a variety of industries turn to Bass, Berry & Sims for counsel on a wide range of corporate matters, including mergers, acquisitions and dispositions; capital markets transactions; special purpose acquisition companies (SPACs) and de-SPAC transactions; executive compensation issues; corporate governance; ESG matters; and shareholder activism. We serve as primary corporate and securities counsel to numerous public companies and have counseled on more than 150 deals ranging in size from $20 million to more than $15 billion over the past two years. Click here to learn more about the Corporate & Securities Practice at Bass, Berry & Sims.