Approval of Amendments to Rule A-13 to Increase Transaction Assessments

SEC Release (MSRB Rulemaking)

The SEC granted approval to an MSRB rule change to increase certain transaction assessments and to institute a new technology fee on reported sales transactions. The MSRB stated that the increased fees were directly related to the costs of administering its operations, including newly acquired duties under the Dodd-Frank Act. The SEC approved the rule change despite substantial criticism from a number of commenters, who, among other things, criticized the lack of transparency in the MSRB's budget process.

Document Number

SR-MSRB-2010-10

SEC Release 34-63621

Date

December 29, 2010

Cross References (links require a Cabinet subscription)

SEC Release 34-63095 (Proposal)

MSRB Rule A-13