Press Release: Fee Rate Advisory #5 for Fiscal Year 2008 (Press Release No. 2007-269; December 21, 2007)
The SEC issued a routine fee rate advisory for fiscal year 2008, announcing a planned decrease in Section 31 transaction fees from $15.30 to $11.00 per million dollars and an increase in Section 6(b), 13(e), and 14(g) fees from $30.70 to $39.30 per million dollars, with no fraud, charges, or misconduct involved.
The SEC published Fee Rate Advisory #5 on December 21, 2007, detailing scheduled adjustments to securities transaction and filing fees for fiscal year 2008. Section 31 fees on exchange and over-the-counter transactions will decrease from $15.30 to $11.00 per million dollars upon enactment of the regular appropriation, while Section 6(b), 13(e), and 14(g) fees for registrations, repurchases, and proxy solicitations will rise from $30.70 to $39.30 per million dollars. No individuals or entities are accused of wrongdoing; the notice is purely administrative and tied to congressional funding timelines.
On December 21, 2007, the Securities and Exchange Commission issued Fee Rate Advisory #5 to inform the public of upcoming fee adjustments for fiscal year 2008, contingent on the enactment of its regular appropriation. Due to a continuing resolution extending funding through December 31, 2007, all fees remained at current levels until enactment. Upon enactment, the Section 31 fee rate for securities transactions on exchanges and over-the-counter markets will decrease from $15.30 to $11.00 per million dollars, while Section 6(b), 13(e), and 14(g) fees for registrations, repurchases, and proxy solicitations will increase from $30.70 to $39.30 per million dollars. The fee for security futures transactions under Section 31(d) will remain unchanged at $0.0042 per round turn. The SEC emphasized that these changes are administrative and not related to enforcement or misconduct. The advisory referenced the April 30, 2007, order (33-8794) and directed inquiries to the Division of Trading and Markets. No fraud, penalties, or legal actions were described—this was purely a notice of regulatory fee updates.
Extracted insights
- agency at the sec’s internet web site
- person these notices
- The continuing resolution is being extended through Dec. 31, 2007
- fees paid under Section 6(b) will remain at their current rates
- the Section 31 fee rate will decrease to $11.00 per million dollars
- the assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction
- the Section 6(b) fee rate will increase to $39.30 per million dollars
- the Section 13(e) fee rate will increase to $39.30 per million dollars
- the Section 14(g) fee rate will increase to $39.30 per million dollars
- The Office of Interpretation and Guidance is available to answer questions relating to Section 31
- The Commission will issue further notices as appropriate to keep the public informed
- These notices will be posted at the SEC’s Internet web site
Fee Rate Advisory #5 for Fiscal Year 2008 FOR IMMEDIATE RELEASE 2007-269 Washington, D.C., Dec. 21, 2007 — The continuing resolution funding the Securities and Exchange Commission for fiscal year 2008 since Oct. 1, 2007, is being extended through Dec. 31, 2007. Therefore, 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. As previously announced, 30 days after the date of enactment of the Commission’s regular fiscal year 2008 appropriation, the Section 31 fee rate applicable to securities transactions on the exchanges and in the over-the-counter markets will decrease to $11.00 per million dollars from the current rate of $15.30 per million dollars. The assessment on security futures transactions under Section 31(d) will remain unchanged at $0.0042 for each round turn transaction. In addition, five days after the date of enactment of the Commission’s regular 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 increase to $39.30 per million dollars from the current rate of $30.70 per million dollars. The Office of Interpretation and Guidance within the Division of Trading and Markets is 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 30, 2007, order regarding fee rates for fiscal year 2008 is available at http://www.sec.gov/rules/other/2007/33-8794.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/2007/2007-269.htm Home | Previous Page Modified: 12/21/2007
Fee Rate Advisory #5 for Fiscal Year 2008 FOR IMMEDIATE RELEASE 2007-269 Washington, D.C., Dec. 21, 2007 — The continuing resolution funding the Securities and Exchange Commission for fiscal year 2008 since Oct. 1, 2007, is being extended through Dec. 31, 2007. Therefore, 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. As previously announced, 30 days after the date of enactment of the Commission’s regular fiscal year 2008 appropriation, the Section 31 fee rate applicable to securities transactions on the exchanges and in the over-the-counter markets will decrease to $11.00 per million dollars from the current rate of $15.30 per million dollars. The assessment on security futures transactions under Section 31(d) will remain unchanged at $0.0042 for each round turn transaction. In addition, five days after the date of enactment of the Commission’s regular 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 increase to $39.30 per million dollars from the current rate of $30.70 per million dollars. The Office of Interpretation and Guidance within the Division of Trading and Markets is 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 30, 2007, order regarding fee rates for fiscal year 2008 is available at http://www.sec.gov/rules/other/2007/33-8794.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/2007/2007-269.htm Home | Previous Page Modified: 12/21/2007