The fees on securities transactions and on registrations of securities that fund the operations of the Securities and Exchange Commission are set to jump, once its budget for the next fiscal year are approved.
The SEC said that the fee for securities transactions on exchanges and over-the-counter markets will go from $16.90 per million dollars to $19.50, an increase of 15.4 percent.
The assessment on futures transactions will remain unchanged, at $0.0042 for each round turn transaction.
These will take effect 30 days after approval of the 2011 fiscal year budget, the SEC said Friday, even though the fees have been previously disclosed.
The rate on registration of securities, the repurchase of securities, and proxy solicitations and statements in corporate control transactions will increase from $71.30 per million dollars to $116.10 per million dollars. That is an increase of 62.8 percent
The notice about the new rates came as the SEC said current rates would be extended through Dec. 18. "The President and Congress are expected to extend the continuing resolution funding the Securities and Exchange Commission through Dec. 18, 2010,'' it said.
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