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.

Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the CIRO AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.


Know Your Advisor: View the CIRO AdvisorReport