The Central Securities Depository has increased the commission for conducting transactions. This was noted by the investment company Kap Depo.
Starting from November 25, the commission for a transaction with securities on the organized market is set at 0.05%. Previously, the commission was 0.03%.
The fee for registering shares acquired on the unorganized market will rise from 0.05% to 0.07%. Meanwhile, for transactions conducted under the FoP Board principle, the commission is reduced to 0.01%, regardless of whether the market is organized or unorganized.
Additionally, a commission will be introduced for issuers for a range of services related to securities. This includes dividend and interest payments, redemption of securities, and share buybacks.
The amount of the commission depends on the number of shareholders:
- up to 100 shareholders — 1.5 BRV (562,500 soums), plus VAT;
- from 100 to 1,000 shareholders — 1.5 BRV plus 1% BRV (3,750 soums) for the 101st and subsequent shareholders, plus VAT;
- over 1,000 shareholders — 10.5 BRV (3,937,500 soums) plus 0.5% BRV (1,875 soums) for the 1,001st and subsequent shareholders, but not exceeding 100 BRV (37.5 million soums).
The commission for remotely opening a depot account through the mobile application UzCSD after verification will be 0.05 BRV (18,750 soums) plus VAT.
At the same time, the fee for maintaining correspondent accounts for investment intermediaries and foreign nominal holders will be abolished. Additionally, there will no longer be a charge for the accounting of securities issued by investment funds and owned by them.
Earlier, Spot reported that companies in Uzbekistan will introduce equity ownership plans for employees (ESOP).