Panel on Takeovers and Mergers (PTM) Levy

The Panel on Takeovers and Mergers (PTM) Levy is a regulatory charge applicable to buy and sell trades in securities of eligible companies. This flat-rate levy of 1 GBP per qualifying trade applies under the following conditions:

• The company is incorporated in the UK, Channel Islands, or Isle of Man.
• Trades are executed on a UK regulated exchange or a multilateral trading facility.
• Transactions are conducted on an agency basis (broker transactions only).
• The total transaction value exceeds GBP 10,000 (or equivalent in other currencies).

For example, if a trader executes a purchase of shares valued at GBP 15,000 in a UK-listed company on a UK regulated exchange, the PTM Levy charged would be 1 GBP for this purchase order.