On January 23rd, the SEC announced that it has established new fee rates in accordance with Section 31 of the Securities Exchange Act of 1934. The fee rates that apply to most securities transactions will be set at $8.00 per million dollars and will go into effect on February 27th. The rate each self-regulatory organization is required to pay the SEC will remain $22.90 per million dollars for covered sales occurring on charge dates through February 26th. For more information on the charge date, refer to Rule 31(a)(3) and Exchange Act Release No. 49928 on the SEC’s website.
Additionally, the assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction.
The SEC will publish further notices on sec.gov to keep the public apprised of developments relating to fees under Section 31.
The Office of Interpretation and Guidance in the SEC’s Division of Trading and Markets welcomes questions regarding Section 31 by phone at (202) 551-5777 or via email at email@example.com.