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THE implementation date for the new minimum commission rates to be adopted by the stockbroking industry has been deferred by a week to May 19, the Association of Stockbroking Companies Malaysia (ASCM) said yesterday. The deferment was due to a delay in determining the final minimum commission rates for interbroker trades following concerns raised by foreign brokers.
OVER the next few days, the stockbroking industry is expected to know whether the minimum commission rates announced recently by the Association of Stockbroking Companies Malaysia (ASCM) would be maintained or reduced.