Regulatory Alerts2024-03-12 | Regulatory Notice 24-07Added · Updated
2024 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
FINRA will collect a total of $18,582,100 from member firms reporting municipal securities transactions to the MSRB to fund the Governmental Accounting Standards Board's 2024 annual budget. This amount is collected quarterly at $4,645,525 per quarter, beginning in April 2024, with assessments based on each firm's portion of the total par value of transactions reported in the previous quarter. Firms with quarterly assessments under $25 are exempt, and FINRA estimates the fee rate to be between $0.0041 and $0.0053 per $1,000 par value.
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