FEE RATE ADVISORY #3 FOR FISCAL YEAR 2006
FOR IMMEDIATE RELEASE
Washington, D.C., Sept. 30, 2005 - When fiscal year 2006 starts tomorrow, Oct. 1, 2005, the Securities and Exchange Commission will operate under a continuing resolution that will extend through Nov. 18, 2005. 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.
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. At present, under the continuing resolution, the Section 31 fee rate will remain at $41.80 per million.
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@example.com.
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.