No Mid-Year Adjustment to Section 31 Fee Rate for Fiscal Year 2023

No Mid-Year Adjustment to Section 31 Fee Rate for Fiscal Year 2023

The Securities and Exchange Commission (SEC) has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2023 is not needed. This decision was announced on January 23, 2021, and was incorporated into SEC Rule 0-6 under 17 CFR 200.0-6. The Section 31 fee rate is an assessment levied by the SEC in order to provide funding for its operations. It is determined annually and can adjust throughout the year based on certain situations. This year, no mid-year adjustment is necessary, so the fee rate will remain at the rate established in January 2021. The lack of an adjustment will have no direct effect on the amount of money available to the SEC from this source.