Events listed in Securities Exchange Act of 1934
Fee Rate Advisory #3 for Fiscal Year 2023
ID 22081
The U.S. Securities and Exchange Commission has published its third Fee Rate Advisory for the current fiscal year. The fee rates are determined annually and reassessed during the year to ensure that transaction fees paid on securities transactions including derivatives cover the funding needs of the Commission. In this latest advisory, the SEC announces that it will leave all fees as they are which ...
SEC Finalizes Rules to Reduce Risks in Clearance and Settlement
ID 21889
Following a consultation primarily aimed at reducing the settlement cycle for securities transactions and making other amendments to facilitate faster, more efficient transaction processing in February 2022 (please see EventID 14577 for more information in this context), the U.S. Securities and Exchange Commission (SEC) has now published its finalized rulemaking in this matter. In an accompanying press statement, the SEC’s Chairman Gary Gensler notes ...
Information Notice 2/14/23
ID 21876
On February 14, 2023, the Financial Regulatory Authority (FINRA) issued an Information Notice in connection with transaction fees under section 31 of the Exchange Act. Specifically, FINRA is announcing a transaction fee decrease for securities traded on regulated exchanges and on over-the-counter markets as of February 27, 2023. In detail, the new rate is only $8.00 per million dollars in transactions instead of $22.90 ...
SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating ...
ID 21696
The U.S. Securities and Exchange Commission (SEC) has published its latest Annual Staff Report on Nationally Recognized Statistical Rating Organizations. The report summarizes the key findings (both deficiencies and risks) from SEC staff examinations of nationally recognized statistical rating organizations (NRSROs) in the previous year and provides some general statistics as to the number of registered organizations, their size, or their key areas of ...