Fee Rate Advisory #4 for Fiscal Year 2006
FOR IMMEDIATE RELEASE
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@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.