The cost of doing business with the Securities and Exchange Commission is going to get a little less expensive. For the second year in a row, the Commission will reduce its filing fees.
The SEC’s first fee advisory for fiscal year 2015, which goes into effect on Oct. 1, is 10 percent lower than last year’s rate, which itself was 6 percent lower than what was assessed for fiscal year 2013. The upcoming rate for filing fees will be set at $116.20 per million dollars.
The SEC collects fees from issuers on the registration of securities, proxy solicitations and statements in corporate control transactions. By law it is required to adjust these fees, in consultation with the Congressional Budget Office and the Office of Management and Budget, so that they are equal to annual statutory target amounts. The target amount for 2015, on which fees are calculated, is $515 million.
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