Struggling UAE brokers under further pressure as Securities and Commodities Authority cuts commissions | The National

Struggling UAE brokers under further pressure as Securities and Commodities Authority cuts commissions | The National:

"The Securities and Commodities Authority (SCA) has announced a 17 per cent cut in the commission on share transactions paid to brokerages.

The regulator said an overhaul to the commission structure on share transactions, will lead to an increase in commissions paid to the regulator, while that paid to brokerages will decrease. Under the new regime, the SCA will receive a 0.05 per cent commission on each share transaction, compared with 0.025 per cent previously.

The increase in commission to the regulator will be funded by a reduction in the commission payable to brokers, which will fall by 17 per cent to 0.125 per cent from 0.15 per cent."



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