By Cydney Posner

Today, President Obama signed the continuing resolution that will fund the SEC for approximately two more months. However, the bill states that it is deemed to be the SEC's "regular appropriation" for FY 2011. As a result, it will trigger changes in the fee rates.

Accordingly, effective December 27, 2010, 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 from their current rate of $71.30 per million dollars to a new rate of $116.10 per million dollars, a pretty hefty jump.

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 23, 2010, will be subject to the current fee rate of $71.30 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 23, 2010, will be deemed filed as of the next business day, December 27, 2010, and will be subject to the new fee rate of $116.10 per million. Filers with questions about the new fee rates should call the SEC at (202) 551-8900.

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