Interim reports on deregulation of the securities industry -- including calls to further liberalize brokerage commissions beginning April 1, 1998 -- were approved May 16 by an advisory council subcommittee to the finance minister.
The reports list proposals that the Securities and Exchange Council should consider when writing its final reform paper on the nation's securities business in June.
The council's report will be just one of a series listing the measures the government plans to take in implementing the "Big Bang" of financial system reforms by 2001.