Regulatory Notice 12-06

SEC Approves Increase in the TAF Rate for Sales of Covered Equity Securities

 

Effective Date: March 1, 2012

Executive Summary

Effective March 1, 2012, the Trading Activity Fee (TAF) rate for sales of covered equity securities will increase from $0.000090 per share for each sale of a covered equity security to $0.000095 per share, with a corresponding increase to the per-transaction cap for covered equity securities from $4.50 to $4.75. The new rate applies to any sale of a covered equity security subject to the TAF occurring on or after March 1, 2012.

 

The text of the new rule is available in the online FINRA Manual.

• TAF Self-Reporting Forms and Guidance