Fee Rate Advisory #5 for Fiscal Year 2012
The Securities and Exchange Commission today announced that on February 21, 2012 the fees rates applicable to most securities transactions will decrease from $19.20 per million dollars to $18.00 per million dollars. 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 (“Exchange Act”). Accordingly, the Commission consulted with both the Congressional Budget Office and the Office of Management and Budget regarding the annual adjustment. These adjustments do not affect the amount of funding available to the Commission. A copy of the Commission’s order, including the calculation methodology, is available at http://www.sec.gov/rules/other/2012/34-66202.pdf.
Please note that the fee rates for fiscal year 2012 previously announced on May 2, 2011 never became effective. As stated in that announcement, those fee rates would never become effective if, as was the case, a regular appropriation to the Commission for fiscal year 2012 was not enacted by October 1, 2011. Instead, the Commission is now issuing revised fee rates in accordance with the amendments to Section 31 of the Exchange Act made by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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 by e-mail at firstname.lastname@example.org.