Regulatory Alerts2013-01-01
Securities (Brokerage Fees for Turnaround Trades) Rules 2013
The Financial Services Commission of Mauritius issued these rules to regulate brokerage fees charged by investment dealers for turnaround trades, defined as paired opposite transactions on the same security executed before settlement. Dealers must calculate fair fees based on transaction value and operational costs while prominently publishing their maximum brokerage fee online according to a tiered schedule. The Commission retains authority to mandate downward revisions for excessive charges and collects a fixed or percentage-based levy depending on whether the transaction value meets or exceeds fifty thousand rupees.
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