Fee Rate Advisory #2 for Fiscal Year 2022

The Securities and Exchange Commission today announced that starting on May 14, 2022, the fee rates applicable to most securities transactions will be set at $22.90 per $1 million. Consequently, each SRO will continue to pay the Commission a rate of $5.10 per million for covered sales occurring on charge dates through May 13, 2022, and a rate of $22.90 per million for covered sales occurring on charge dates on or after May 14, 2022. The substantial increase in the fee rate is primarily due to the very low fee rate of $5.10 per million for fiscal year 2021. The current fee rate represents a return to levels similar to those prior to 2021 i.e. $22.10 in 2020 and $20.70 in 2019.