Regulatory Alerts2022-03-01
Notice No. 1/GBM/2022, of March 1 – Updates the Fees and Commissions Chargeable for Transactions in the Over-the-Counter Securities Market
The Bank of Mozambique issued Notice No. 1/GBM/2022 to update the fees and brokerage commissions applicable to over-the-counter securities transactions and stock exchange operations executed on behalf of clients. The regulation establishes specific fee rates ranging from 0.75 to 1.45 per thousand of the transaction value for various securities, sets minimum and maximum commission thresholds (645.00 MT to 4 per thousand for over-the-counter, and 325.00 MT to 2 per thousand for stock exchange), and mandates timely payment by authorized financial intermediaries. Additionally, the Notice revokes prior 1999 regulations, clarifies sanctioning procedures for non-compliance, and officially enters into force upon publication.
Share