SEC revises share transaction fees

Monday, 6 February 2017 00:40 - - {{hitsCtrl.values.hits}}

The Securities and Exchange Commission has revised the share transaction fees of the Colombo Stock Exchange (CSE) and the Central Depository Systems Ltd. (CDS).

The SEC said the CSE requested a review of the current step-up fee structure rather than the present flat fee structure when consolidating transactions for the purpose of computing fees and increasing the threshold for the two-band fee structure from the present Rs. 50 million to Rs. 100 million.

The SEC said the basis for the request was that levying fees on a “flat” basis was not equitable since transaction fees payable on a marginally lower turnover are higher than fees payable for a marginally higher-value transaction.

The SEC Commissioners at their meeting on 10 January approved the following fee structure.