Title 15, Commerce and TradeRelease 119-102
§77hh Assessments by Corporation on Holders of Foreign Securities
Title 15 › CHAPTER 2A — SECURITIES AND TRUST INDENTURES › SUBCHAPTER II — FOREIGN SECURITIES › § 77hh
Summary
The Corporation can charge people who deposit foreign securities with it. Fees must be proportional to each holder’s share; the fee at deposit can be at most 0.2% of the securities’ face value, and any extra fees must be closely tied to actual operation and negotiation costs and cannot exceed 1% of 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
Aug 21, 2026
Release point: 119-102