Press Release: Fee Rate Advisory #2 for Fiscal Year 2008
The SEC announced routine administrative fee adjustments for fiscal year 2008, reducing the Section 31 transaction fee from $15.30 to $11.00 per million and increasing filing fees for securities registration, repurchases, and proxy solicitations from $30.70 to $39.30 per million, with no fraud, misconduct, or penalties involved.
The SEC issued a fee rate advisory on September 28, 2007, detailing scheduled changes for fiscal year 2008, contingent on congressional appropriation. The Section 31 fee for securities transactions will decrease from $15.30 to $11.00 per million 30 days after appropriation enactment, while Section 6(b), 13(e), and 14(g) filing fees will increase from $30.70 to $39.30 per million five days after enactment. Security futures transaction fees remain unchanged at $0.0042 per round turn, and no allegations of fraud, misconduct, or enforcement actions are present.
On September 28, 2007, the SEC issued Fee Rate Advisory #2 for fiscal year 2008, outlining administrative adjustments to fees under the Securities Act and Securities Exchange Act. The Section 31 fee for securities transactions on exchanges and OTC markets will decrease from $15.30 to $11.00 per million, effective 30 days after the enactment of the Commission’s regular appropriation. Meanwhile, Section 6(b), 13(e), and 14(g) fees—applicable to securities registration, repurchases, and proxy solicitations—will increase from $30.70 to $39.30 per million, effective five days after appropriation enactment. The fee for security futures transactions remains unchanged at $0.0042 per round turn. These changes are purely regulatory and contingent on congressional funding timelines, not the result of any enforcement action or misconduct. The SEC emphasized transparency by providing public notice, posting details online, and offering contact information for inquiries. No fraud, litigation, penalties, or allegations of wrongdoing are associated with this advisory, which reflects standard fee-setting procedures under federal law.
Exhibits & Attached Documents (1)
Extracted insights
- agency the securities and exchange commission
- The Securities and Exchange Commission Expect To Be Operating Under A Continuing Resolution
- Fees Paid Under Section 6(b) Of The Securities Act Of 1933 Remain At Their Current Rates
- The Section 31 Fee Rate Decrease To $11.00 Per Million From The Current Rate Of $15.30 Per Million
- The Assessment On Security Futures Transactions Under Section 31(d) Remain Unchanged At $0.0042 For Each Round Turn Transaction
- The Section 6(b) Fee Rate Increase To $39.30 Per Million From The Current Rate Of $30.70 Per Million
- The Division Of Market Regulation's Office Of Interpretation And Guidance Be Available To Answer Questions Relating To Section 31
- The Commission 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
Fee Rate Advisory #2 for Fiscal Year 2008 FOR IMMEDIATE RELEASE 2007-207 Washington, D.C., Sept. 28, 2007 - When fiscal year 2008 starts on Oct. 1, 2007, the Securities and Exchange Commission expects to be operating under a continuing resolution that will extend through Nov. 16, 2007. 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. As previously announced. thirty 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 from the current rate of $15.30 per million. 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 from the current rate of $30.70 per million. The Division of Market Regulation's Office of Interpretation and Guidance 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/2007/2007-207.htm Home | Previous Page Modified: 09/28/2007
Fee Rate Advisory #2 for Fiscal Year 2008 FOR IMMEDIATE RELEASE 2007-207 Washington, D.C., Sept. 28, 2007 - When fiscal year 2008 starts on Oct. 1, 2007, the Securities and Exchange Commission expects to be operating under a continuing resolution that will extend through Nov. 16, 2007. 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. As previously announced. thirty 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 from the current rate of $15.30 per million. 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 from the current rate of $30.70 per million. The Division of Market Regulation's Office of Interpretation and Guidance 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/2007/2007-207.htm Home | Previous Page Modified: 09/28/2007