On February 28, 2020, the Securities and Exchange Commission announced the third fee rate advisory for fiscal year 2020. Pursuant to Section 31(j)(2) of the Securities Exchange Act of 1934, the SEC has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2020 is not required.
The Section 31 fee rate for fiscal 2020 will remain at the current rate of $22.10 per million. This rate will remain in place until September 30, 2020, or 60 days after the enactment of a regular FY 2021 appropriation, whichever is later. The Section 31 assessment on round turn transactions in security futures also will remain at $0.0042 per transaction.
Questions on Section 31 can be directed to the SEC Office of Interpretation and Guidance in the Commission's Division of Trading and Markets at 202-551-5777 or by email at tradingandmarkets@sec.gov.
The SEC will issue further notices relating to fees under Section 31 as necessary.
Sources:
Fee Rate Advisory #3 for Fiscal Year 2020 (www.sec.gov)
