In a positive move for the PNG capital market, the Securities Commission has reduced the levies to 0.03 percent on each buy and sell transaction.
The new levies, which will take effect on Tuesday 23 November 2021, brings PNG in line with other developing markets and removes a potentially damaging barrier to the development of PNGs capital markets.
At the same time, the revised levies will bring a much needed contribution to the nation’s Capital Market Development Fund.
