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Fee Rate Advisory #3 for Fiscal Year 2012
September 29, 2011--As previously announced, starting on Oct. 1, 2011, the fees that public companies and other issuers pay to register their securities with the Commission will be reduced to $114.60 per million dollars from their current rate of $116.10 per million dollars.
The securities laws require the Commission to make annual adjustments to the rates for fees paid under Section 6(b) of the Securities Act of 1933 and Sections 13(e) and 14(g) of the Securities Exchange Act of 1934. Under changes made by the Dodd-Frank Act, the annual rate changes for these fees must take effect on the first day of each fiscal year, which is Oct. 1. On Aug. 31, 2011, the Commission announced the new fee rate of $114.60 per million dollars that would take effect on Oct. 1, 2011.
All filings submitted to the SEC before 5:30 p.m. ET, and filings pursuant to Rule 462(b) (17 C.F.R. 230.462(b)) submitted to the SEC before 10:00 p.m. ET, on Sep. 30, 2011, will be subject to the current fee rate of $116.10 per million dollars. Rule 462(b) filings submitted after 10:00 p.m. ET, and all other filings submitted after 5:30 p.m. ET, on Sep. 30, 2011, shall be deemed filed as of the next business day, Oct. 1, 2011, under Section 232.13 of Regulation S-T (17 C.F.R. 232.13), and be subject to the new fee rate of $114.60 per million dollars. Filers with questions about the new Section 6(b), Section 13(e), or Section 14(g) fee rates should call the SEC at (202) 551-8900.
A copy of the Commission's Aug. 31 order establishing the new fee rate, including the calculation methodology, is available at here.
Source: SEC.gov
Dow Jones Indexes, BBVA Jointly Launch Dow Jones BBVA Eagles Indexes Series -
Two New Market Gauges Designed to Measure Stock Performance
of 50 Leading Companies in Emerging and Growth-Leading Economies
September 28, 2011-- Dow Jones Indexes and BBVA have jointly launched the Dow Jones BBVA EAGLEs Indexes series, which initially includes two market gauges each designed to measure the stock performance of 50 leading companies in emerging and growth-leading economies (EAGLEs), the two organizations announced today.
With projected GDP growth the primary factor considered, EAGLEs is defined as those economies whose contributions to world growth over the next 10 years are expected to match or exceed those of the six largest developed economies, excluding the U.S. According to BBVA Research, the world’s GDP will grow more than USD 41 trillion over the next decade (adjusted by purchasing power parity), from which the EAGLEs’ contribution will exceed 50%; G7 growth will only reach 14%.
The new indexes include the Dow Jones BBVA EAGLEs Index and the Dow Jones BBVA EAGLEs Optimized Index. By limiting the universe of represented markets, the latter gauge is designed to enhance the liquidity of the derivatives linked to the EAGLEs concept.
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Source: Dow Jones
CFTC Announces Second Public Meeting of the Technology Advisory Subcommittee on Data Standardization
Subcommittee Working Groups to Present Interim Findings Aimed at Creating Universally Acceptable Standards for Complex Financial Products
September 28, 2011-– The Commodity Futures Trading Commission (CFTC) announces that on September 30, 2011, the Subcommittee on Data Standardization of the CFTC’s Technology Advisory Committee (the “Subcommittee”) will hold its second public meeting at the Commission’s headquarters in Washington, DC.
This meeting will provide the four Subcommittee working groups comprised of qualified representatives from government, industry, academia, information technology and information systems an opportunity to publicly present interim findings on universal product and legal entity identifiers, standardization of machine-readable legal contracts, semantics, and data storage and retrieval.
United States Commodity Funds files with the SEC
September 28, 2011--United States Commodity Funds has filed a Form S-1 registration statement with the SEC for the United States Sugar Fund.
view filing
Source: SEC.gov
AdvisorShares files with the SEC
September 28, 2011--AdvisorShares have filed a post-effective amendment, registration statement with the SEC for the AdvisorShares Global Echo ETF
(GIVE)
view filing
Source: SEC.gov
BMO ETF Business Grows As Investors Seek Out Value and Innovation
Low management fees range from 0.15% to 0.65%
BMO offers 40 ETFs with exposure to commodities, equities and fixed income
BMO's ETF business has grown to $3 billion in less than two and a half years
September 28, 2011--As the popularity of Exchange Traded Funds (ETFs) grow in Canada, BMO's portfolio of ETFs continues to offer a wide range of exposure to investors while also providing them with value and low management fees.
BMO's ETF business was launched in 2009 and, at the time, was the only bank affiliate to offer its own line-up of ETFs. Since then, BMO's ETF product line has grown to 40 funds and its assets under management (AUM) to more than $3 billion.
"The growth of our ETF business is a clear indicator that Canadian investors are seeking solid value from their investments," said Kevin Gopaul, VP & CIO, BMO Asset Management Inc. "Our ongoing commitment to evolving the ETF landscape, coupled with our desire to give investors innovative products, has resulted in a number of industry firsts and wide recognition."
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Source: BMO Financial Group
Claymore files with the SEC
September 28, 2011-Claymore files a post-effective amendment, registration statement with the SEC for the Guggenheim Canadian Energy Income ETF
Guggenheim China Real Estate ETF
Guggenheim China Small Cap ETF.
Guggenheim Frontier Markets ETF
Guggenheim International Multi-Asset Income ETF
Guggenheim Shipping ETF
Guggenheim Timber ETF
view filing
Source: SEC.gov
Claymore files with the SEC
September 28, 2011--Claymore has filed a post-effective amendment, registration statement with the SEC for the Guggenheim S&P Global Dividend Opportunities Index ETF (LVL).
view fiing
Source: SEC.gov
Russell files with the SEC
September 28, 2011--Russell has filed a post-effective amendment, registration statement with the SEC for the Russell Small Cap Aggressive Growth ETF (SGGG)
Russell Small Cap Consistent Growth ETF (SCOG)
Russell Small Cap Low P/E ETF (SCLP)
Russell Small Cap Contrarian ETF (SCTR)
view filing
Source: SEC.gov
NYSE Liffe to Publish Weekly Commitments of Traders Reports
September 28, 2011--NYSE Liffe, the derivatives arm of NYSE Euronext, will start publishing traders’ holdings within the market for its London commodity contracts as of Oct. 3.
The report, designed in a similar format to the one published by the U.S. Commodity Futures Trading Commission, will be published every Monday at 12 p.m. London time, the exchange said in a notice to members dated Sept. 27 and e-mailed today. It will refer to positions reported to the exchange by the close of business the previous Tuesday, it said.
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Source: Bloomberg
