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SEC Sets Fee Rates For Fiscal Year 2009

by Mike Godfrey, for LawAndTax-News.com, Washington

02 May 2008

The US Securities and Exchange Commission (SEC) announced on Thursday that in fiscal year 2009, the fees that public companies and other issuers pay to register their securities with the Commission will be set at USD55.8 per million dollars.

In addition, the fees applicable to most securities transactions will be fixed at USD9.30 per million dollars.

As required by the Investor and Capital Markets Fee Relief Act, the Commission consulted with both the Congressional Budget Office and the Office of Management and Budget regarding the annual adjustment, which will not affect the amount of funding available to the Commission.

The Investor and Capital Markets Fee Relief Act requires that the Commission make annual adjustments to the rates for fees paid under Section 6(b) of the Securities Act of 1933 and Sections 13(e), 14(g), and 31 of the Securities Exchange Act of 1934.

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