Washington, D.C., Nov. 22, 2004 – LAWFUEL – Law, SEC, legal news – The…

Washington, D.C., Nov. 22, 2004 – LAWFUEL – Law, SEC, legal news – The continuing resolution funding the Securities and Exchange Commission for fiscal 2005 since Oct. 1, 2004, has been extended through Dec. 3, 2004. Therefore, fees paid under Section 6(b) of the Securities Act of 1933 and Sections 13(e), 14(g) and 31 of the
Securities Exchange Act of 1934 will remain at their current rates.

Five days after enactment of the Commission’s regular fiscal year 2005
appropriation, the Section 6(b) fee rate applicable to the registration of
securities, the Section 13(e) fee rate applicable to the repurchase of
securities, and the Section 14(g) fee rate applicable to proxy solicitations
and statements in corporate control transactions will decrease from the
current rate of $126.70 per million to $117.70 per million, as previously
announced.

In addition, thirty days after enactment of the Commission’s regular
appropriation, the Section 31 fee rate applicable to securities transactions
on the exchanges and Nasdaq will increase from the current rate of $23.40
per million to $32.90 per million, as previously announced.

Additional information on the transition to the new Section 31 fee rate will
be available before the new rate becomes effective on the web sites of The
New York Stock Exchange and NASD Regulation at
http://www.nyse.com
and
http://www.nasdr.com.

A copy of the Commission’s April 30, 2004, order regarding fee rates for
fiscal year 2005 is available at

http://www.sec.gov/news/press/2004-59.htm.

The Commission will issue further notices as appropriate to keep the public
informed of developments relating to enactment of the Commission’s regular
appropriation and the effective dates for the above fee rate changes. These
notices will be posted at the SEC’s Internet web site at
http://www.sec.gov.

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