New SEC fee rates to go into effect

By Cydney Posner

Yesterday, President Obama signed the appropriations bill that includes funding for the SEC. Accordingly, effective December 21, 2009, 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 rate applicable to proxy solicitations and statements in corporate control transactions will increase to $71.30 per million dollars.

All filings submitted to the SEC before 5:30 p.m., ET, and filings pursuant to Rule 462(b) submitted to the SEC before 10:00 p.m., ET, on December 18, 2009, will be subject to the current fee rate of $55.80 per million dollars. Rule 462(b) filings submitted after 10:00 p.m., ET, and all other filings submitted after 5:30 p.m., ET, on December 18, 2009, will be deemed filed as of the next business day, December 21, 2009, and will be subject to the new fee rate of $71.30 per million dollars. Filers with questions about the new Section 6(b), Section 13(e) or Section 14(g) fee rates should call the SEC at (202) 551-8900.

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