Extension of Current Rate for Fees Paid Under Section 31 of the Exchange Act
NASD would like to notify its members that the Securities and Exchange Commission ("Commission") has announced recently in Fee Rate Advisory #5 For Fiscal Year 2007
that the continuing resolution they have been operating under will continue through February 15, 2007. Therefore, fees paid under Section 31 of the Securities Exchange Act of 1934 will remain in effect at their current rate of $30.70 per million.
Furthermore, the Commission has announced that thirty days after the date of enactment of the Commission's fiscal year 2007 regular appropriation, the Section 31 fee rate for securities transactions will decrease from the current rate of $30.70 to $15.30 per million.
NASD will continue to notify member firms through Member Alert on any updates concerning the enactment of the Commission's regular appropriations including the final date for the implementation of the new rate of $15.30 per million.
If you have any questions about this Member Alert, please contact Rob Renner, NASD Senior Director of Accounting Operations, at (240)-386-5303.