Reduction in brokerage fees applicable to Exchange Traded Funds

In order to promote an equilibrium level playing field among all players (both local and foreign) of debt securities, the Financial Services Commission (FSC) Mauritius proposed a reduction in the brokerage fees applicable to Exchange Traded Funds with debt securities (this includes debentures, debenture stock, loan stock, bonds, convertible bonds or other similar instruments) as foreign underlying to be aligned with the Brokerage fees for local traded debentures/corporate bonds.

In this regard, appropriate amendments were brought to the current Securities (Brokerage Fees for Exchange Traded Funds on Foreign Underlyings) Rules 2013. 

Source: FSC Mauritius

Read on: http://www.fscmauritius.org/media/273012/securities-brokerage-fees-for-exchange-traded-funds-on-foreign-underlyings-amendment-rules-2016.pdf

Published on: 4 April 2016