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Thai Authorities Decide on Caps for Broker Fees.
Feb. 3--Marketing officers of local securities brokers paid under an incentive system can receive payment of up to 27.5 percent of brokerage commission revenue, as well as a fixed monthly salary capped at 15,000 baht, authorities have agreed.
The Stock Exchange of Thailand board on Friday also announced that marketing officers employed for longer than six months may have their fixed salaries raised by up to 50 percent of the six-month average of their incentive payments.
Chavalit Thanachanan, SET chairman, said the new framework replaced the previous cap of 25 percent of brokerage commission revenue for marketing officers. Ceilings were introduced last ...
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Source: HighBeam Research, Thai Authorities Decide on Caps for Broker Fees.