Fee Rate Advisory #4 for Fiscal Year 2006
The SEC announced scheduled, congressionally mandated reductions in securities filing and transaction fees for FY2006—Section 6(b)/13(e)/14(g) fees dropping from $117.70 to $107.00 per million and Section 31 fees from $41.80 to $30.70 per million—with no fraud, wrongdoing, or enforcement action involved.
The SEC issued a regulatory notice on November 18, 2005, announcing upcoming fee rate reductions for fiscal year 2006 as mandated by Congress in the appropriations bill. Section 6(b), 13(e), and 14(g) filing fees will decrease from $117.70 to $107.00 per million, effective five days after the President signs the bill, while Section 31 transaction fees will drop from $41.80 to $30.70 per million, effective thirty days after enactment. No individuals or entities are accused of misconduct; the changes are purely administrative adjustments reflecting congressional funding decisions.
The SEC issued a public notice on November 18, 2005, detailing scheduled fee rate reductions for fiscal year 2006, as required by the recently passed Departments of Commerce and Justice, Science, and Related Agencies appropriations bill. Section 6(b), 13(e), and 14(g) fees for securities registration, repurchases, and proxy solicitations will decrease from $117.70 to $107.00 per million, effective five days after the President signs the bill. Section 31 fees for securities transactions on exchanges and over-the-counter markets will drop from $41.80 to $30.70 per million, with implementation thirty days after enactment. The SEC committed to issuing a formal fee advisory with precise effective dates once the bill was signed and provided public resources, including web links and contact information, for further clarification. These changes were not the result of enforcement, fraud, or misconduct but were congressionally mandated adjustments to align fee structures with funding levels. The notice emphasized transparency, directing stakeholders to SEC.gov, NYSE, and NASD websites for updates. No litigation, penalties, or allegations of wrongdoing were associated with this administrative update.
Extracted insights
- $118 $117.70 <$10K
- $107 $107.00 <$10K
- person appropriations bill
- person fee advisory
- person further notices
- agency sec's internet web site
- Congress passed appropriations bill
- President is expected to sign appropriations bill
- Commission will issue fee advisory
- Section 6(b) fee rate will decrease $107.00 per million
- Section 13(e) fee rate will decrease $107.00 per million
- Section 14(g) fee rate will decrease $107.00 per million
- Section 31 fee rate will decrease $30.70 per million
- Office of Interpretation and Guidance is available for questions
- Commission will issue further notices
- notices will be posted SEC's Internet web site
Fee Rate Advisory #4 for Fiscal Year 2006 FOR IMMEDIATE RELEASE 2005-161 Washington, D.C., Nov. 18, 2005 - The Congress has passed and the President is expected to sign the Departments of Commerce and Justice, Science, and Related Agencies appropriations bill for fiscal 2006 that includes funding for the Securities and Exchange Commission. The Commission will issue a new fee advisory once the President has signed the appropriations bill. Five days after 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. The precise date and time of the change to the new fee rate will be set forth in the fee advisory that the Commission will issue once the President has signed the appropriations bill. 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 over-the-counter markets will decrease from the current rate of $41.80 per million to $30.70 per million, as previously announced. Again, the precise date and time of the change to the new fee rate will be set forth in the fee advisory that the Commission will issue once the President has signed the appropriations bill. 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/2005-161.htm Home | Previous Page Modified: 11/18/2005
Fee Rate Advisory #4 for Fiscal Year 2006 FOR IMMEDIATE RELEASE 2005-161 Washington, D.C., Nov. 18, 2005 - The Congress has passed and the President is expected to sign the Departments of Commerce and Justice, Science, and Related Agencies appropriations bill for fiscal 2006 that includes funding for the Securities and Exchange Commission. The Commission will issue a new fee advisory once the President has signed the appropriations bill. Five days after 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. The precise date and time of the change to the new fee rate will be set forth in the fee advisory that the Commission will issue once the President has signed the appropriations bill. 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 over-the-counter markets will decrease from the current rate of $41.80 per million to $30.70 per million, as previously announced. Again, the precise date and time of the change to the new fee rate will be set forth in the fee advisory that the Commission will issue once the President has signed the appropriations bill. 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/2005-161.htm Home | Previous Page Modified: 11/18/2005