Regulatory Alerts2025-03-04 | Regulatory Notice 25-03Added · Updated
2025 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
FINRA will collect a total of $17,298,100 from member firms reporting municipal securities transactions to the MSRB to fund the Governmental Accounting Standards Board's 2025 budget. This amount is collected quarterly at $4,324,525 per quarter, beginning in April 2025, 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 any amounts originally assessed to them are reallocated among firms with assessments of $25 or more. FINRA estimates the fee rate to be between $0.0045 and $0.0055 per $1,000 par value for 2025.
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