Press Release: Fee Rate Advisory #3 for Fiscal Year 2007; 2006-168; Sep. 29, 2006
The SEC announced scheduled fee rate reductions for fiscal year 2007 under federal securities laws, lowering registration and proxy fees from $107.00 to $30.70 per million and transaction fees from $30.70 to $15.30 per million, with no fraud, charges, or misconduct involved.
The U.S. Securities and Exchange Commission issued a fee rate advisory on September 29, 2006, detailing planned reductions for fiscal year 2007 under Sections 6(b), 13(e), 14(g), and 31 of the Securities Acts. Registration, repurchase, and proxy fees will decrease from $107.00 to $30.70 per million five days after appropriation enactment, while securities transaction fees will drop from $30.70 to $15.30 per million thirty days after enactment. No enforcement actions, penalties, or allegations of fraud are present—this is purely an administrative notice of fee adjustments tied to congressional funding timelines.
The U.S. Securities and Exchange Commission issued Fee Rate Advisory #3 on September 29, 2006, to inform the public of scheduled fee reductions effective in fiscal year 2007. Under a continuing resolution extending through November 17, 2006, existing fee rates remained in place until the SEC’s regular appropriation was enacted. Five days after appropriation enactment, Section 6(b), 13(e), and 14(g) fees for securities registration, repurchases, and proxy solicitations would decrease from $107.00 to $30.70 per million. Thirty days after enactment, Section 31 transaction fees on exchanges and OTC markets would fall from $30.70 to $15.30 per million, and security futures transaction fees would drop to $0.0042 per round turn from $0.009. The SEC provided public resources, including links to NYSE and NASD websites and contact information for its Division of Market Regulation, to assist stakeholders with the transition. No individuals, entities, or misconduct were implicated—this notice was purely administrative, outlining regulatory fee adjustments contingent on congressional funding. The full order was available online, and further updates were promised via the SEC’s website.
Extracted insights
- $107 $107.00 <$10K
- agency 202-551-5777 or [email protected]
- agency Securities and Exchange Commission
- Securities And Exchange Commission will operate under continuing resolution extending through Nov. 17, 2006
- Section 6(b) Fee Rate will decrease to $30.70 per million from $107.00 per million
- Section 13(e) Fee Rate will decrease to $30.70 per million from $107.00 per million
- Section 14(g) Fee Rate will decrease to $30.70 per million from $107.00 per million
- Section 31 Fee Rate will decrease to $15.30 per million from $30.70 per million
- Section 31(d) Assessment will decrease to $0.0042 per round turn transaction from $0.009
- Securities And Exchange Commission issued order on April 28, 2006 regarding fee rates for fiscal year 2007
- Division Of Market Regulation available to answer questions at 202-551-5777 or [email protected]
Fee Rate Advisory #3 for Fiscal Year 2007 FOR IMMEDIATE RELEASE 2006-168 Washington, D.C., Sept. 29, 2006 - When fiscal year 2007 starts on Oct. 1, 2006, the Securities and Exchange Commission will operate under a continuing resolution that will extend through Nov. 17, 2006. 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 2007 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 to $30.70 per million from the current rate of $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 to $15.30 per million from the current rate of $30.70 per million. On that same date, the assessment on security futures transactions under Section 31(d) will decrease to $0.0042 for each round turn transaction from the current rate of $0.009 for each such transaction. Additional information on the transition to the new Section 31 fee rate will be available on the Internet websites of the New York Stock Exchange and NASD Regulation at http://www.nyse.com and http://www.nasdr.com, respectively. The Division of Market Regulation's Office of Interpretation and Guidance is also available to answer questions relating to Section 31. That office may be reached by phone at 202-551-5777 or by email at [email protected]. A copy of the Commission's April 28, 2006 order regarding fee rates for fiscal year 2007 is available at http://www.sec.gov/rules/other/2006/33-8681.pdf. 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/2006-168.htm Home | Previous Page Modified: 09/29/2006
Fee Rate Advisory #3 for Fiscal Year 2007 FOR IMMEDIATE RELEASE 2006-168 Washington, D.C., Sept. 29, 2006 - When fiscal year 2007 starts on Oct. 1, 2006, the Securities and Exchange Commission will operate under a continuing resolution that will extend through Nov. 17, 2006. 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 2007 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 to $30.70 per million from the current rate of $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 to $15.30 per million from the current rate of $30.70 per million. On that same date, the assessment on security futures transactions under Section 31(d) will decrease to $0.0042 for each round turn transaction from the current rate of $0.009 for each such transaction. Additional information on the transition to the new Section 31 fee rate will be available on the Internet websites of the New York Stock Exchange and NASD Regulation at http://www.nyse.com and http://www.nasdr.com, respectively. The Division of Market Regulation's Office of Interpretation and Guidance is also available to answer questions relating to Section 31. That office may be reached by phone at 202-551-5777 or by email at [email protected]. A copy of the Commission's April 28, 2006 order regarding fee rates for fiscal year 2007 is available at http://www.sec.gov/rules/other/2006/33-8681.pdf. 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/2006-168.htm Home | Previous Page Modified: 09/29/2006