Regulatory Alerts2021-01-01
Securities (Brokerage Fees for Exchange Traded Funds on Foreign Underlyings) (Amendment) Rules 2021
The Financial Services Commission issued the 2021 Amendment Rules to regulate brokerage fees for exchange-traded funds on foreign underlyings. Licensed investment dealers must now charge fair, transaction-value-based fees and prominently publish their maximum rates online. The Commission retains authority to mandate downward fee revisions for excessive charges and requires dealers to clearly disclose all transaction-related costs to clients.
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