NDAQ » Topics » Support Costs From Related Parties, net

These excerpts taken from the NDAQ 10-K filed Feb 27, 2009.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $33.8 million in 2006. After December 20, 2006, since FINRA is no longer a related party, the regulatory expense is now shown as part of direct expenses. See the description of regulatory expense under “Direct Expenses” above for further discussion.

 

Support Costs From Related Parties, net

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Support costs from related parties, net were $33.8 million in 2006. After December 20, 2006, since FINRA is no longer a
related party, the regulatory expense is now shown as part of direct expenses. See the description of regulatory expense under “Direct Expenses” above for further discussion.

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This excerpt taken from the NDAQ 10-K filed Feb 25, 2008.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $33.8 million in 2006 compared with $41.8 million in 2005, a decrease of 19.1%. The decrease was primarily due to the transfer of ownership of the OTCBB to FINRA which reduced the associated regulatory costs. Also contributing to the decreases was a reduction in surveillance and other regulatory charges from FINRA primarily due to FINRA’s review and allocation of expenses among the markets and members it regulates. After December 20, 2006, since FINRA is no longer a related party, the regulatory expense is now shown as part of direct expenses. See the description of regulatory expense under “Direct Expenses” above for further discussion.

 

This excerpt taken from the NDAQ 10-Q filed Nov 9, 2007.

Support Costs From Related Parties, net

Support costs from related parties, net were $8.6 million for the third quarter of 2006 and $25.8 million for the first nine months of 2006. After December 20, 2006, since FINRA is no longer a related party, the regulatory expense is now shown as part of direct expenses. See the description of regulatory expense under “Direct Expenses” above for further discussion.

This excerpt taken from the NDAQ 10-Q filed Aug 1, 2007.

Support Costs From Related Parties, net

Support costs from related parties, net were $9.1 million for the second quarter of 2006 and $17.2 million for the first six months of 2006. After December 20, 2006, since NASD is no longer a related party, the regulatory expense is now shown as part of direct expenses. See the description of regulatory expense under “Direct Expenses” above for further discussion.

This excerpt taken from the NDAQ 10-Q filed May 9, 2007.

Support Costs From Related Parties, net

Support costs from related parties, net were $8.1 million in the first quarter of 2006. After December 20, 2006, since NASD is no longer a related party, the regulatory expense is now shown as part of direct expenses. See Regulatory expense under “Direct Expenses” above for further discussion.

This excerpt taken from the NDAQ 10-K filed Feb 28, 2007.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $33.8 million in 2006 compared with $41.8 million in 2005, a decrease of 19.1%, and were $45.6 million in 2004, a decrease of 8.3% in 2005 compared with 2004. These decreases were primarily due to the transfer of ownership of the OTCBB to NASD which reduced the associated regulatory costs. Also contributing to the decreases was a reduction in surveillance and other regulatory charges from NASDR primarily due to NASD’s review and allocation of expenses among the markets and members it regulates. After December 20, 2006, NASD is no longer a related party. See Note 1, “Organization and Nature of Operations,” to the consolidated financial statements for further discussion.

 

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This excerpt taken from the NDAQ 10-Q filed Nov 8, 2006.

Support Costs From Related Parties, net

Support costs from related parties, net were $8.6 million for the third quarter of 2006 as compared with $10.5 million for the third quarter of 2005, a decrease of 18.1% and $25.8 million for the first nine months of 2006 as compared with $31.3 million for the first nine months of 2005, a decrease of 17.6%. These decreases are primarily due to the transfer of ownership of the OTCBB to NASD, which reduced the associated regulatory costs.

This excerpt taken from the NDAQ 10-Q filed Aug 8, 2006.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $9.1 million for the second quarter of 2006 as compared with $10.4 million for the second quarter of 2005, a decrease of 12.5% and $17.2 million for the first six months of 2006 as compared with $20.8 million for the first six months of 2005, a decrease of 17.3%. These decreases are primarily due to the transfer of ownership of the OTCBB to NASD, which reduced the associated regulatory costs.

 

This excerpt taken from the NDAQ 10-Q filed May 10, 2006.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $8.1 million for the three months ended March 31, 2006 and $10.4 million for the three months ended March 31, 2005, a decrease of 22.1%. This decrease is primarily due to the transfer of ownership of the OTCBB to NASD, which reduced the associated regulatory costs.

 

This excerpt taken from the NDAQ 10-K filed Mar 15, 2006.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $41.8 million, $45.6 million and $61.5 million for the year ended December 31, 2005, 2004 and 2003, respectively, a decrease of $3.8 million, or 8.3%, in 2005 compared with 2004 and a decrease of $15.9 million, or 25.9%, in 2004 compared with 2003. These decreases primarily reflect a reduction in surveillance and other regulatory charges from NASDR primarily due to NASD’s review and allocation of expenses among the markets and members it regulates. The decrease in 2005 was also due to the transfer of ownership of the OTCBB to NASD which reduced the associated regulatory costs. Also contributing to the decrease in 2004 was lower depreciation charges as certain technology assets were fully depreciated during the year ended December 31, 2003.

 

This excerpt taken from the NDAQ 10-Q filed Nov 8, 2005.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $10.5 million and $11.1 million for the three months ended September 30, 2005 and 2004, respectively, a decrease of $0.6 million, or 5.4%, and $31.3 million and $34.3 million for the nine months ended September 30, 2005 and 2004, respectively, a decrease of $3.0 million, or 8.7%. These decreases primarily reflect a reduction in surveillance and other regulatory charges from NASD Regulation, Inc. primarily due to NASD’s review and allocation of expenses among the markets and members it regulates.

 

This excerpt taken from the NDAQ 10-Q filed Aug 9, 2005.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $10.4 million and $11.7 million for the three months ended June 30, 2005 and 2004, respectively, a decrease of $1.3 million, or 11.1%, and $20.8 million and $23.2 million for the six months ended June 30, 2005 and 2004, respectively, a decrease of $2.4 million, or 10.3%. These decreases primarily reflect a reduction in surveillance and other regulatory charges from NASD Regulation, Inc. primarily due to NASD’s review and allocation of expenses among the markets and members it regulates.

 

This excerpt taken from the NDAQ 10-Q filed May 13, 2005.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $10.4 million and $11.4 million for the three months ended March 31, 2005 and 2004, respectively, a decrease of $1.0 million, or 8.8%. This decrease primarily reflects a reduction in surveillance and other regulatory charges from NASD Regulation, Inc. primarily due to NASD’s review and allocation of expenses among the markets and members it regulates.

 

This excerpt taken from the NDAQ 10-Q filed May 10, 2005.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $10.4 million and $11.4 million for the three months ended March 31, 2005 and 2004, respectively, a decrease of $1.0 million, or 8.8%. This decrease primarily reflects a reduction in surveillance and other regulatory charges from NASD Regulation, Inc. primarily due to NASD’s review and allocation of expenses among the markets and members it regulates.

 

This excerpt taken from the NDAQ 10-K filed Mar 14, 2005.

Support Costs From Related Parties, net

 

Support costs from related parties, net were $45.6 million, $61.5 million and $75.0 million for the years ended December 31, 2004, 2003 and 2002, respectively, a decrease of $15.9 million, or 25.9%, in 2004 compared with 2003 and a decrease of $13.5 million, or 18.0%, in 2003 compared with 2002. These decreases primarily reflect a reduction in surveillance and other regulatory charges from NASD Regulation, Inc. primarily due to NASD’s review and allocation of expenses among the markets and members it regulates and lower depreciation charges as certain technology assets were fully depreciated during the year ended December 31, 2003.

 

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