Regulatory Alerts2008-01-01
Minister of Investment Decision No. 421 of 2008 on Brokerage Commissions, Securities Registration Fees, and Exchange Service Fees
The Syrian Minister of Investment issued Decision No. 421 of 2008 to establish mandatory fee structures for capital market transactions and securities listings. The regulation sets a minimum brokerage commission of two pounds per invoice, caps exchange service fees at five thousand pounds for both listed and unlisted securities, and establishes annual registration fees for share issuances ranging from ten to fifty thousand pounds based on issuance value. It further mandates that these fees be collected by executing brokerage firms and remitted to the exchange within three business days, while simultaneously repealing the previous 2007 ministerial decision on the same matter.
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