Sebi to unbundle clearing and trading fees to boost transparency

Explores whether charges paid to exchanges and clearing corporations can be unbundled

The Securities and Exchange Board of India (Sebi) is aiming to further boost transparency around trading charges incurred by investors.

 

The regulator has embarked upon a drive to unbundle fees charged by stock exchanges and clearing corporations (CCs) — a move that will provide greater clarity on the trading cost structure.

 

The move is critical for independence of CCs from stock exchanges. However, a long-mooted proposal for changing ownership has been put on the back burner.

 

Following its board meeting on June 18, 2025, Sebi Chairman Tuhin Kanta Pandey clarified that the regulator was not pursuing structural or ownership changes