BOCCIM weighs into NBFIRA's industry fee saga

NBFIRA and BOCCIM are soon to finalise finance ministry-mandated discussions on proposed fees and levies to be charged on capital market players, the latest chapter in the heated consultations towards mutually acceptable charges for the industry.

Having finalised fees and levies for the insurance sector, NBFIRA last year encountered stiff resistance during an extensive consultation process with microlenders, pension managers and capital market players who complained that their proposed charges were exorbitant.