Proposal to Adopt Maximum Fees

Summary

SIFMA provided comments to the Securities and Exchange Commission (SEC) on a proposed rule change and amendments designed to adopt fees pertaining to mutual fund distributions of investment company shareholder reports. SIFMA discusses some operational concerns regarding how brokers would satisfy the new processing requirements, which are in some respect more complex than the implementation of the Notice and Access model for the delivery of proxy materials.

See:
SEC (Release No. 34-78589: File No. SR-NYSE-2016-55): Proposed Rule Change Adopting Maximum Fees Member Organizations may Charge in Connection with the Distribution of Investment Company Shareholder Reports Pursuant to Any Electronic Delivery Rules Adopted by the Securities and Exchange Commission Pursuant to Section 19(b)(1)1 of the Securities Exchange Act of 1934 (the “Act”)2

PDF

Letters

Proposal to Adopt Maximum Fees

Summary

Submitted To

SEC

Submitted By

SIFMA

Date

Letters

Proposal to Adopt Maximum Fees

Summary

Submitted To

SEC

Submitted By

SIFMA

Date

File #

SR-NYSE-2016-55

More Submissions

Type:

Proposed Rule Change, as Modified by Partial Amendment No. 1, to Modify the GSD Rules to Facilitate Access to Clearance and Settlement Services of All Eligible Secondary Market Transactions in U.S. Treasury Securities (Joint Trades)

Type:

Proposed Rule Change to Modify the GSD Rules (I) Regarding the Separate Calculation, Collection and Holding of Margin for Proprietary Transactions and That for Indirect Participant Transactions, and (ii) To Address the Conditions of Note H to Rule 15c3-3a (Joint Trades)

Type:

Notice of Proposed Rulemaking on AML/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements (SIFMA and SIFMA AMG)