Inflation may be haunting many areas of the economy, but the SEC’s filing fees continue their deflationary trend. Last week, the SEC issued this fee rate advisory that sets the filing fees for registration statements & certain other transactions for fiscal 2022. The current filing fee rate is $109.10 per million (the same rate applies under Sections 13(e) and 14(g)). Under the SEC’s new order, the rate will decrease to $92.7 per million. That’s a 15.0% decrease, and it follows last year’s nearly 16% decrease. As always, the new rate will apply effective October 1, 2021, which is when the SEC’s new fiscal year begins.
– John Jenkins