Kathmandu, July 20 The Securities Board of Nepal (SEBON), the securities market regulator, has reduced brokerage fees on share and bond transaction by up to 60 per cent. From now onwards, stockbrokers cannot charge service fee of more than 0.60 per cent on sales or purchase of shares of up to Rs 50,000 in value. This means investors selling or buying shares of up to Rs 50,000 should not provide more than 0.60 per cent of the transaction amount as service fee to brokers. Earlier, fee for share transaction of up to Rs 50,000 stood at one per cent of the transaction value. Similarly, stockbrokers cannot charge a service fee of over 0.55 per cent of the transaction value on sales or purchase of shares worth over Rs 50,000 to up to Rs 500,000. Earlier, this fee stood at 0.9 per cent of the transaction value. Likewise, service fee for sales or purchase of shares worth over Rs 500,000 to up to Rs two million has been fixed at 0.50 per cent of the transaction value, while service fee for sales or purchase of shares worth over Rs two million to up to Rs 10 million has been fixed at 0.45 per cent of the transaction value. The service fee for sales or purchase of shares worth over Rs 10 million has been fixed at 0.40 per cent of the transaction value. These revisions were made as the Ministry of Finance today approved amendments proposed by the SEBON to Securities Traders (stockbrokers, dealers and market makers) Regulation. The SEBON has directed Nepal Stock Exchange, the stock market operator, to bring the new service fees into effect immediately. SEBON has also revised service fees on transaction of securities other than shares issued by companies and sovereign bonds issued by Nepal Rastra Bank or other government agencies. On sales and purchase of such securities worth up to Rs 500,000, service fee has been revised downwards to 0.30 per cent of the transaction amount. If the transaction amount of such securities stands at over Rs 500,000 to up to Rs five million, then service fee cannot exceed 0.25 per cent of the transaction amount. If transaction value of such securities stands at over Rs five million, then the service fee of 0.20 per cent of the transaction amount should be imposed.