SEC revises share transaction fees

The Securities and Exchange Commission has revised the share transaction fees of the Colombo Stock Exchange (CSE) and the Central Depository Systems Ltd. (CDS).

The SEC said the CSE requested a review of the current step-up fee structure rather than the present flat fee structure when consolidating transactions for the purpose of computing fees and increasing the threshold for the two-band fee structure from the present Rs. 50 million to Rs. 100 million.

The SEC said the basis for the request was that levying fees on a “flat” basis was not equitable since transaction fees payable on a marginally lower turnover are higher than fees payable for a marginally higher-value transaction.

The SEC Commissioners at their meeting on 10 January approved the following fee structure.