Title 15 — Commerce and TradeRelease 119-73
§77hh Assessments by Corporation on holders of foreign securities
Title 15 › Chapter CHAPTER 2A— - SECURITIES AND TRUST INDENTURES › Subchapter SUBCHAPTER II— - FOREIGN SECURITIES › § 77hh
Summary
The Corporation can charge fees, in proportion to how much each owner deposits, on owners who leave foreign securities with it. A fee taken when the securities are first deposited cannot be more than one-fifth of 1 percent of the securities’ face value. Any extra fees must closely match the Corporation’s costs for operations and negotiations (including items listed in sections 77dd and 77ee) and cannot exceed 1 percent of the securities’ face value.
Full Legal Text
Title 15, §77hh
Commerce and Trade — Source: USLM XML via OLRC
The Corporation may in its discretion levy charges, assessed on a pro rata basis, on the holders of foreign securities deposited with it: Provided, That any charge levied at the time of depositing securities with the Corporation shall not exceed one fifth of 1 per centum of the face value of such securities: Provided further, That any additional charges shall bear a close relationship to the cost of operations and negotiations including those enumerated in section 77dd and 77ee of this title and shall not exceed 1 per centum of the face value of such securities.
Reference
Citations & Metadata
Citation
15 U.S.C. § 77hh
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73