Wednesday, April 18, 2018 06.15AM
/ By US SEC
The Securities and Exchange Commission
(US) yesterday announced that starting on May 22, 2018, the fee rates applicable
to most securities transactions will be set at $13.00 per million dollars.
Consequently, each SRO will continue
to pay the Commission a rate of $23.10 per million for covered sales occurring
on charge dates through May 21, 2018, and a rate of $13.00 per million for
covered sales occurring on charge dates on or after May 22, 2018.
The reduction in the fee rate for
fiscal year 2018 is due, in part, to the substantially higher dollar amount of
covered sales in recent months.
The Commission notes that if the
dollar amount of covered sales deviates from current levels when the fee rate
is next adjusted, a large reduction or increase in the fee rate may again be
required; this is especially so if the next adjustment occurs later in the next
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 by e-mail at: firstname.lastname@example.org 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 at the Commission's
Internet Website at http://www.sec.gov.
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