Search Results for keywords:"cost recovery"

The Social Security Administration (SSA) has announced updates to their electronic Consent Based Social Security Number (SSN) Verification (eCBSV) service. They are adding two more subscription tiers and reducing fees for all tiers to make the service more accessible and affordable for smaller and medium-sized users. This includes a new tier for up to 75,000 transactions and another for up to 500,000. The changes aim to recover development costs while providing cost relief to users, with a plan to break even by 2027.

The National Park Service (NPS) has revised the rules for right-of-way (ROW) permits, which allow the use of lands and waters they manage for infrastructure like power lines and cell towers. These updates make the NPS's process more similar to other Department of the Interior bureaus, introduce pre-application meetings, and require standardized application forms. The new rules also broaden the ways to determine fair market value and highlight the need for construction permitting, address advances in technology, and align with recent laws. These changes aim to protect park resources while making the process clearer for applicants.

MIAX Emerald, a national securities exchange, has proposed a rule change to implement new fees, including a one-time membership application fee and testing and certification fees. The membership fee varies based on the applicant's role, with Electronic Exchange Members (EEMs) charged $2,500 and Market Makers $3,000, reflecting the greater complexity in evaluating Market Maker applications. Additionally, fees for Application Programming Interface (API) testing and Network Connectivity are being introduced to offset resources spent in the process. The fees are being structured to ensure they cover the costs incurred by the exchange, without imposing unfair discrimination among market participants.

The Miami International Securities Exchange LLC submitted a proposal to amend its fee schedule, specifically to increase the network connectivity fees for its 10-gigabit ultra-low latency fiber connections from $9,300 to $10,000 per month for both member and non-member users. This increase is intended to cover the exchange's growing costs and ensure the fees are fair and reasonable, reflecting the resources consumed by users of the higher bandwidth connections. The exchange argues that the proposed fees comply with U.S. securities law, are equitably allocated, and do not impose an unfair burden on competition.

The Bureau of Indian Affairs (BIA) is announcing proposed adjustments to the irrigation assessment rates for irrigation projects on or associated with Indian reservations in the United States. These adjustments aim to recover costs for administration, operations, maintenance, and rehabilitation necessary for managing these projects. Stakeholders are invited to submit their comments on these adjustments before February 24, 2025. The changes are scheduled to take effect in the calendar year 2026, and further information on the projects and rates can be sought through BIA's regional offices.

The Miami International Securities Exchange, LLC has submitted a proposal to the Securities and Exchange Commission to increase the number of Limited Service MIAX Express Interface Ports available to market makers without changing existing fees. This expansion is needed due to higher customer demand and market volatility, which have increased network traffic. Even though this expansion will come at a cost, the Exchange aims to offer more ports to ensure sufficient and equal access to its systems for all market participants, while maintaining fair competition and efficient port usage. They emphasize that the decision to purchase additional ports is voluntary for market makers.

The Social Security Administration (SSA) has announced that the assessment percentage rate for fees paid directly to representatives under the Social Security Act will remain at 6.3 percent for the year 2025. This rate is the lower of two possible amounts: the specified dollar limit or the percentage necessary to recover the costs incurred by the SSA to determine and pay these fees. The maximum dollar limit for assessments is currently $120, having been adjusted for inflation, and will be revisited annually based on cost-of-living changes.

NYSE Chicago, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update its fee schedule. The change will establish a fee called CAT Fee 2025-1, which industry members must pay for 2025. This fee will be used to cover some costs of the Consolidated Audit Trail system, with the rate set at $0.000022 per executed equivalent share. The new fee structure, intended to be effective for six months starting in January 2025, replaces a previous fee and aims to cover half of the planned 2025 audit trail expenses.

The Securities and Exchange Commission announced that The Depository Trust Company (DTC) has proposed a rule change to introduce a new fee for its optional service called ClaimConnect. This service allows participants to match and settle cash claim transactions, like payment requests due to trading discrepancies, using a new system. The fee will charge $1.75 per side for matched claims, totaling $3.50 per transaction, to help cover DTC's costs for developing and operating the service. The new fees will be implemented starting January 1, 2021, and participants have the option to continue settling claims through their existing methods if they choose not to use ClaimConnect.