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Sebi reduces brokers' fee by 25 per cent

Amends rules to enable market participants to make payments to regulator via digital mode

IANS  |  Jaipur 

The Securities and Exchange Board of India (Sebi) on Saturday announced reduction of 25 per cent in the fee payable by brokers and also decided to amend regulations to enable the market participants to make payments to the regulator through digital mode. "Taking into consideration the projected income and expenditure of Sebi for the next three financial years, the Board decided to reduce the fees payable by broker by 25 per cent from Rs 20 per crore of turnover to Rs 15," Sebi said. The decision was taken at its Board meeting here. "The Board approved the proposal ...

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First Published: Sat, January 14 2017. 19:06 IST
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