October 1, 2004
As announced by the Securities and Exchange Commission ("Commission") in Fee Rate Advisory #2 and Fee Rate Advisory #3, starting October 1, 2004, the Commission is operating under a continuing resolution. Under the continuing resolution, fees paid under Section 31 of the Securities Exchange Act of 1934 will remain at their current rate of $23.40 per million.
As the Commission has announced, however, thirty days after the date of enactment of its regular fiscal year 2005 appropriation, the rate for fees paid under Section 31 will increase from the current rate of $23.40 per million to $32.90 per million.
NASD will notify member firms, through a Member Alert or other means, once the Commission's regular appropriation has been enacted and a final date has been determined for the implementation of the rate change to $32.90 per million.
If you have questions about this Member Alert, please contact Rob Renner, NASD Senior Director of Accounting Operations, at (240) 386-5303.