Fee Rate Advisory #2 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, contingent on congressional appropriation enactment.
The Securities and Exchange Commission issued a regulatory notice on September 27, 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 solicitation fees would decrease from $117.70 to $107.00 per million, while trading fees under Section 31 would drop from $41.80 to $30.70 per million, effective 5 and 30 days respectively after appropriation enactment. No fraud, misconduct, or financial penalties are involved—this was purely an administrative update to align fees with budgetary conditions.
On September 27, 2005, the SEC issued Fee Rate Advisory #2 for fiscal year 2006, outlining scheduled reductions in securities transaction fees under Sections 6(b), 13(e), 14(g), and 31 of the Securities Act and Exchange Act. The fee for securities registration, repurchases, and proxy solicitations would decrease from $117.70 to $107.00 per million, effective five days after the enactment of the SEC’s fiscal year 2006 appropriation. The Section 31 fee for exchange and over-the-counter trading would drop from $41.80 to $30.70 per million, with implementation 30 days after appropriation enactment. These changes were contingent on congressional funding approval and were not tied to any enforcement action or misconduct. The SEC emphasized that if a continuing resolution extended the prior fiscal year’s funding, fees would remain unchanged until appropriation passed. The agency directed inquiries to its Division of Market Regulation and provided links to NYSE and NASD websites for additional transition details. No individuals, firms, or entities were accused of fraud, and no financial penalties or settlements were involved—this was purely a regulatory fee adjustment for administrative compliance.
Extracted insights
- $118 $117.70 <$10K
- $107 $107.00 <$10K
- person continuing resolution
- agency Securities and Exchange Commission
- SEC issued Fee Rate Advisory #2 For Fiscal Year 2006
- Section 6(b) Fee Rate will decrease to $107.00 per million
- Section 6(b) Fee Rate decreased from $117.70 per million
- Section 13(e) Fee Rate will decrease to $107.00 per million
- Section 14(g) Fee Rate will decrease to $107.00 per million
- Section 31 Fee Rate will decrease to $30.70 per million
- Section 31 Fee Rate decreased from $41.80 per million
- SEC issued April 30, 2005 order regarding fee rates for fiscal year 2006
- Fiscal Year 2006 starts on October 1, 2005
- SEC may operate under continuing resolution
FEE RATE ADVISORY #2 FOR FISCAL YEAR 2006 FOR IMMEDIATE RELEASE 2005-137 Washington, D.C., Sept. 27, 2005 - When fiscal year 2006 starts on Oct. 1, 2005, the Securities and Exchange Commission may be operating under a continuing resolution. In that event, 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. 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.nasdr.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) 551-5761, 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 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/2005-137.htm Home | Previous Page Modified: 09/27/2005
FEE RATE ADVISORY #2 FOR FISCAL YEAR 2006 FOR IMMEDIATE RELEASE 2005-137 Washington, D.C., Sept. 27, 2005 - When fiscal year 2006 starts on Oct. 1, 2005, the Securities and Exchange Commission may be operating under a continuing resolution. In that event, 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. 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.nasdr.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) 551-5761, 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 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/2005-137.htm Home | Previous Page Modified: 09/27/2005