Rule · FSC · 10 Apr 2021
The Financial Services Commission issued Amendment No. 2 to the 2013 Securities Rules governing brokerage fees for exchange traded funds on foreign underlyings. The amendment updates rule 3 to reference the Schedule for consideration values and deletes four reporting columns—Investment Dealer, Securities exchange, Clearing and Settlement Facility, and Total brokerage fee claimed for apportionment—from the Schedule’s tables. These streamlined requirements take effect retroactively from 3 April 2021 to standardize fee disclosures and reduce administrative reporting burdens for market participants.
Government Notices 2021 1447
Nushrat iMac3/Govt Notices/2021/The Securities (Brokerage Fees for Exchange Traded Funds on Foreign Underlyings) (Amendment No. 2) Rules 2021 / 09.04.2021_1st Proof Nushrat iMac3/Govt Notices/2021/The Securities (Brokerage Fees for Exchange Traded Funds on Foreign Underlyings) (Amendment No. 2) Rules 2021 / 09.04.2021_1st Proof Government Notice No. 88 of 2021 THE SECURITIES ACT FSC Rules made by the Financial Services Commission under
section 93 of the Financial Services Act and section 155 of
the Securities Act
1448 Government Notices 2021
Nushrat iMac3/Govt Notices/2021/The Securities (Brokerage Fees for Exchange Traded Funds on Foreign Underlyings) (Amendment No. 2) Rules 2021 / 09.04.2021_1st Proof (B) Securities exchange; (C) Clearing and Settlement Facility; and (D) Total brokerage fee claimed for apportionment. (d) in Part II(b) of the SCHEDULE, by deleting, from the
table, the following columns –
(i) Investment Dealer;
(ii) Securities exchange;
(iii) Clearing and Settlement Facility; and (iv) Total brokerage fee claimed for apportionment.
4. These Rules shall be deemed to have come into operation on
3 April 2021.
Made by the Financial Services Commission on 10 April 2021.
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“In these Rules, “principal rules” means the Securities (Brokerage Fees for Exchange Traded Funds on Foreign Underlyings) Rules 2013.”
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