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T4 FINRA High Confidence Other

Regulatory Notice 26-08: 2026 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board

Annual GASB fee assessment notification with updated rates for 2026

MINIMAL
Impact Level
Top: Compliance (1)

Advisory Assessment

Impact. FINRA will collect $3,938,675 in total GASB fees starting April 2026, with your firm's share calculated based on your municipal securities trading volume reported to the MSRB. The quarterly assessment structure and $25 minimum threshold carry forward unchanged from the established framework.

Risk. Finance teams unfamiliar with the municipal securities fee calculation methodology face the highest execution risk, particularly around volume reporting accuracy and quarterly payment timing. Firms that pass these costs to municipal securities customers must ensure proper fee disclosure compliance.

Recommended Action. Finance should review your 2025 municipal securities trading volumes now to estimate the 2026 quarterly assessments and incorporate them into budget planning. If your firm charges these fees to customers, compliance should verify that current disclosure practices meet FINRA requirements for fee pass-through transparency.

Watch. FINRA will issue specific assessment notices closer to the April 2026 effective date with your firm's calculated quarterly amounts. Monitor any updates to the volume reporting methodology that could affect your individual assessment calculation.

Classification

Regulatory Program
GASB Accounting Support Fee
Doc Type
Other
Effective Date
2026-04-01
Days to Action
-106
Comment Deadline
Published
2026-03-18

Urgency Basis

Fee collection begins April 2026, which is beyond 180 days from today (May 15, 2026). This is an annual fee notification that follows established procedures.

Operational Context

Affected Functions
Finance Compliance
Institution Applicability
All

Impact by Category

Compliance
1
Operational
1
Data Governance
0
Model Risk
0
Reporting & Disclosure
1
Capital & Liquidity
0
Consumer Protection
1
Third-Party Risk
0

Key Requirements

- Pay quarterly GASB Accounting Support Fee of $3,938,675 total beginning April 2026 - Calculate individual firm assessment based on municipal securities trading volume reported to MSRB - Ensure proper disclosure if passing fees to customers engaged in municipal securities transactions - Comply with $25 minimum quarterly assessment threshold

Scoring Rationale

This is a routine annual fee notification that follows well-established procedures since 2012. The fee amount and methodology remain consistent with prior years, requiring only standard operational adjustments for the new rate. Impact is minimal as this represents continuation of existing regulatory framework rather than new obligations. Most scores are 1 (minimal) reflecting routine administrative nature of the change.

Scored: 2026-05-15T20:03:15.469Z Model: claude-sonnet-4-20250514 Confidence: High Aggregate Score: 1.0
AI Analysis Disclosure — This record, including its scores, impact assessments, and Advisory Assessment (impact, risk, and recommended actions), was generated by an AI model and may contain errors or omissions. The Advisory Assessment is a starting point for analysis, not a substitute for professional judgment. Effective dates, applicability determinations, impact assessments, and any recommended actions should be independently verified against primary regulatory source documents and reviewed by qualified compliance or legal personnel before taking compliance action. This output does not constitute legal or compliance advice.