Fee Rate Advisory #3 for Fiscal Year 2006
The SEC announced scheduled, non-fraudulent fee rate reductions for fiscal year 2006, lowering securities registration and proxy fees from $117.70 to $107.00 per million and trading fees from $41.80 to $30.70 per million, effective after appropriation enactment, with interim rates maintained under a continuing resolution.
The SEC issued a regulatory notice on September 30, 2005, announcing planned fee reductions for fiscal year 2006 under Sections 6(b), 13(e), 14(g), and 31 of federal securities laws. Registration, repurchase, and proxy fees will decrease from $117.70 to $107.00 per million, while trading fees will drop from $41.80 to $30.70 per million, contingent on the enactment of the SEC’s appropriation. These changes are not enforcement actions but administrative updates, with current rates maintained under a continuing resolution through November 18, 2005.
On September 30, 2005, the SEC issued a public notice outlining scheduled fee rate adjustments for fiscal year 2006, effective upon enactment of its regular appropriation. Under the current continuing resolution, which extends through November 18, 2005, existing fee rates remain in place: $117.70 per million for Section 6(b), 13(e), and 14(g) fees, and $41.80 per million for Section 31 transaction fees. Once the appropriation is enacted, the registration, repurchase, and proxy fees will decrease to $107.00 per million, and trading fees will fall to $30.70 per million thirty days later. These changes were previously announced in an April 30, 2005, order and are purely administrative, not related to fraud or enforcement. The SEC emphasized that no misconduct or penalties are involved, and provided public resources, including web links and a contact number for market regulation inquiries. The notice was posted on the SEC’s website to ensure transparency and public awareness. No individuals or entities were accused of wrongdoing; the document serves only to inform market participants of upcoming regulatory fee changes.
Extracted insights
- $118 $117.70 <$10K
- $107 $107.00 <$10K
- person additional information
- agency http://www.sec.gov/news/press/2005-69.htm
- person their current rates
- agency the sec's internet web site
- agency the securities and exchange commission
- person these notices
- The Securities and Exchange Commission Operate Under A Continuing Resolution
- Fees Remain At Their Current Rates
- Section 6(b) Fee Rate Decrease From $117.70 Per Million To $107.00 Per Million
- Section 13(e) Fee Rate Decrease From $117.70 Per Million To $107.00 Per Million
- Section 14(g) Fee Rate Decrease From $117.70 Per Million To $107.00 Per Million
- Section 31 Fee Rate Decrease From $41.80 Per Million To $30.70 Per Million
- The Section 31 Fee Rate Remain At $41.80 Per Million
- Additional Information Be Available Before The New Rate Becomes Effective
- The Office Of Interpretation And Guidance Be Available For Questions On Section 31 Fees
- A Copy Of The Commission's Order Be Available At Http://www.sec.gov/news/press/2005-69.htm
- The Commission Issue Further Notices As Appropriate To Keep The Public Informed
- These Notices Be Posted At The Sec's Internet Web Site
FEE RATE ADVISORY #3 FOR FISCAL YEAR 2006 FOR IMMEDIATE RELEASE 2005-140 Washington, D.C., Sept. 30, 2005 - When fiscal year 2006 starts tomorrow, Oct. 1, 2005, the Securities and Exchange Commission will operate under a continuing resolution that will extend through Nov. 18, 2005. During this period, fees paid under Section 6(b) of the Securities Act of 1933 and Sections 13(e), 14(g) and 31 of the Securities Exchange Act of 1934 will remain at their current rates. Five days after the date of enactment of the Commission's regular fiscal year 2006 appropriation, 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 decrease from the current rate of $117.70 per million to $107.00 per million, as previously announced. In addition, thirty days after the date of enactment of the Commission's regular appropriation, the Section 31 fee rate applicable to securities transactions on the exchanges and in the over-the-counter markets will decrease from the current rate of $41.80 per million to $30.70 per million, as previously announced. At present, under the continuing resolution, the Section 31 fee rate will remain at $41.80 per million. Additional information on the transition to the new Section 31 fee rate will be available before the new rate becomes effective on the web sites of The New York Stock Exchange and NASD Regulation at http://www.nyse.com and http://www.nasd.com. The Office of Interpretation and Guidance in the Commission's Division of Market Regulation is also available for questions on Section 31 fees at (202) 551-5777, or by e-mail at [email protected]. A copy of the Commission's April 30, 2005, order regarding fee rates for fiscal year 2006 is available at http://www.sec.gov/news/press/2005-69.htm. The Commission will issue further notices as appropriate to keep the public informed of developments relating to enactment of the Commission's regular appropriation and the effective dates for the above fee rate changes. These notices will be posted at the SEC's Internet web site at http://www.sec.gov. http://www.sec.gov/news/press/2005-140.htm Home | Previous Page Modified: 09/30/2005
FEE RATE ADVISORY #3 FOR FISCAL YEAR 2006 FOR IMMEDIATE RELEASE 2005-140 Washington, D.C., Sept. 30, 2005 - When fiscal year 2006 starts tomorrow, Oct. 1, 2005, the Securities and Exchange Commission will operate under a continuing resolution that will extend through Nov. 18, 2005. During this period, fees paid under Section 6(b) of the Securities Act of 1933 and Sections 13(e), 14(g) and 31 of the Securities Exchange Act of 1934 will remain at their current rates. Five days after the date of enactment of the Commission's regular fiscal year 2006 appropriation, 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 decrease from the current rate of $117.70 per million to $107.00 per million, as previously announced. In addition, thirty days after the date of enactment of the Commission's regular appropriation, the Section 31 fee rate applicable to securities transactions on the exchanges and in the over-the-counter markets will decrease from the current rate of $41.80 per million to $30.70 per million, as previously announced. At present, under the continuing resolution, the Section 31 fee rate will remain at $41.80 per million. Additional information on the transition to the new Section 31 fee rate will be available before the new rate becomes effective on the web sites of The New York Stock Exchange and NASD Regulation at http://www.nyse.com and http://www.nasd.com. The Office of Interpretation and Guidance in the Commission's Division of Market Regulation is also available for questions on Section 31 fees at (202) 551-5777, or by e-mail at [email protected]. A copy of the Commission's April 30, 2005, order regarding fee rates for fiscal year 2006 is available at http://www.sec.gov/news/press/2005-69.htm. The Commission will issue further notices as appropriate to keep the public informed of developments relating to enactment of the Commission's regular appropriation and the effective dates for the above fee rate changes. These notices will be posted at the SEC's Internet web site at http://www.sec.gov. http://www.sec.gov/news/press/2005-140.htm Home | Previous Page Modified: 09/30/2005