Fee Rate Advisory #4 for Fiscal Year 2007
FOR IMMEDIATE RELEASE
Washington, D.C., Nov. 17, 2006 - The continuing resolution funding the Securities and Exchange Commission for fiscal 2007 since Oct. 1, 2006, has been extended through December 8, 2006. 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.
Five days after the date of enactment of the Commission's regular fiscal year 2007 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 to $30.70 per million from the current rate of $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 to $15.30 per million from the current rate of $30.70 per million. On that same date, the assessment on security futures transactions under Section 31(d) will decrease to $0.0042 for each round turn transaction from the current rate of $0.009 for each such transaction.
Additional information on the transition to the new Section 31 fee rate will be available on the Internet websites of the New York Stock Exchange and the NASD at http://www.nyse.com and http://www.nasd.com, respectively. The Division of Market Regulation's Office of Interpretation and Guidance is also available to answer questions relating to Section 31. That office may be reached by phone at 202-551-5777 or by email at firstname.lastname@example.org.
A copy of the Commission's April 28, 2006, order regarding fee rates for fiscal year 2007 is available at http://www.sec.gov/rules/other/2006/33-8681.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.