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.