Regulatory Alerts1999-11-01
Added · Updated
Notice No. 03/GGBM/99: Fees and Commissions for Over-the-Counter Transactions
The Bank of Mozambique establishes fees for over-the-counter securities transactions at 0.5 per mille for public funds, 0.8 per mille for bonds, and 1.2 per mille for other securities, with a threefold increase for securities admitted to stock exchange quotation. Financial intermediaries are responsible for paying these fees to the Bank and must charge clients commissions between 100,000.00 MT and 1.2 per mille of the operation value, also subject to a threefold increase for quoted securities. Unexecuted orders incur cancellation commissions capped at 20,000.00 MT or 50,000.00 MT for quoted securities.
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