Regulatory Alerts2020-12-29
Securities (Victoria Falls Stock Exchange) (Levies, Fees and Charges) Rules 2020
The Zimbabwean Minister of Finance and Economic Development, approving rules drafted by the Securities and Exchange Commission, has established a comprehensive fee schedule for the Victoria Falls Stock Exchange. The regulations replace prior guidelines and prescribe fixed percentages for buying and selling transactions, covering broker commissions, VAT, depository levies, stamp duty, and regulatory charges. These components combine to yield a total transaction cost of 1.1870 percent for purchases and 0.9370 percent for sales, resulting in a grand total of 2.1240 percent per trade.
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