SEC Releases Second Fee Rate Advisory for FY 2014

The SEC announced that the fees paid under Exchange Act Section 31 ("Transaction Fees") will remain at their current rate until 60 days after the enactment of a regular appropriation for the SEC. The current appropriation for the SEC is due to expire on January 15, when the continuing resolution is also set to expire. The Section 31 Fee Rate will remain at the current rate of $17.40 per million for securities transactions and the assessment on round turn transactions in security futures will remain $.00042 per transaction.

The SEC is required to publish a revised fee rate 30 days after the enactment of a new fiscal year appropriation, and the new rate takes effect 60 days after the appropriation is enacted.

See: SEC Notice.Related news: SEC Publishes Annual Adjustments to Registration Fee Rates for FY 2014 (Fed. Reg.) (September 6, 2013).