SC defers implementing minimum rates to June 30


  • Business
  • Saturday, 17 May 2003

THE Securities Commission (SC) has deferred again the implementation of a minimum commission rates structure for the stockbroking industry, this time to June 30, to allow further consultations with the relevant market participants. 

This is the second deferment. Last Friday, the Association of Stockbroking Companies (ASCM) said in a statement that the implementation date was being pushed back to May 19 from May 12. 

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