Section 31 Transaction Fee Rate Advisory for Fiscal Year 2026

Feb. 27, 2026 — The Securities and Exchange Commission today announced that starting on April 4, 2026, the fee rates applicable to most securities transactions will be set at $20.60 per million dollars.

Consequently, each SRO will continue to pay the Commission a rate of $0.00 per million for covered sales occurring on charge dates through April 3, 2026, and a rate of $20.60 per million for covered sales occurring on charge dates on or after April 4, 2026.

This fee rate will remain in effect until 60 calendar days after legislation is enacted that sets the amount of the Commission’s fiscal year 2027 appropriation.

For more information on the term “charge date,” please refer to Rule 31(a)(3) and Exchange Act Release No. 49928 at http://www.sec.gov/rules/final/34-49928.htm.

The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction.

The Commission determined these new rates in accordance with Section 31 of the Securities Exchange Act of 1934. These adjustments do not directly affect the amount of funding available to the SEC.

The Office of Interpretation and Guidance in the Commission’s Division of Trading and Markets is available for questions on Section 31 at (202) 551-5777 or tradingandmarkets@sec.gov.

The Commission will issue further notices as appropriate to keep the public informed of developments relating to fees under Section 31. These notices will be posted on the Fee Rate Advisories page of the SEC website.