[22083]
December 27, 2007
TO: FIXED-INCOME ADVISORY COMMITTEE No. 42-07MUNICIPAL SECURITIES ADVISORY COMMITTEE No. 17-07
SEC RULES MEMBERS No. 159-07 RE: NYSE PROPOSES INCREASE TO CERTAIN LISTING FEES
The Securities and Exchange Commission has published for comment a proposed rule change filed by the New York Stock Exchange to raise listing fees for structured products, short-term securities, and certain debt securities to $15,000 a year. [1] The NYSE currently charges $5,000 a year for structured products and short-term instruments, and charges nothing for structured products listed on its NYSE Bonds trading system. The proposal states that the increase more appropriately reflects, “the costs [the NYSE] incurs in connection with the listing of such securities.” The proposal would not amend the listing fees applicable to equity securities of operating companies, short-term warrants to purchase equity securities, or debt of certain issuers exempt from registration under the Securities Exchange Act of 1934.
Heather L. Traeger
Assistant Counsel
endnotes
[1] See SEC Release No. 34-56984 (December 18, 2007), 72 FR 73392 (December 27, 2007). The proposal may be found at the SEC’s website at http://www.sec.gov/rules/sro/nyse/2007/34-56984.pdf. Comments are due on January 17, 2008.