Regulatory Alerts2019-01-01
Securities (Brokerage Fees for Exchange Traded Funds on Foreign Underlyings) (Amendment) Rules 2019
The Financial Services Commission has amended the 2013 brokerage fee rules for exchange traded funds on foreign underlyings by systematically replacing CDS with Clearing and Settlement Facility. This terminology update aligns the principal rules with current market infrastructure standards. The amended regulations come into force on 16 November 2019, ensuring consistent fee calculations across the securities market.
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