Regulatory Notice 12-41

FINRA Amends the TAF Rate for Transactions in Covered Security Futures

 

Effective Date: October 1, 2012

Executive Summary

Effective October 1, 2012, the Trading Activity Fee (TAF) rate for transactions in covered security futures will decrease from $0.04 for each security futures contract traded on a round-turn basis carried in a securities account to $0.00008, with a minimum fee of $0.01 per round-turn transaction. The new rate applies to round-turn transactions in security futures subject to the TAF occurring on or after October 1, 2012.

 

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

 

Questions concerning this Notice should be directed to:

• FINRA Finance at (240) 386-5397; or
• The Office of General Counsel at (202) 728-8071.

• TAF Self-Reporting Forms and Guidance