SEBI PROPOSES REVAMP OF BROKER FEES

The Securities and Exchange Board of India (SEBI) has proposed a revised fee structure for brokers, trading and clearing members in the cash and the derivatives segment based on the Anjaria Committee recommendations and public comments on the report. The Highlights of the structure
are as follows:
Cash Segment
Proposed : Rs. 20 per Rs. 1 crore turnover for new brokers continuously
Present : 0.1% of fees on 5 yrs turnover
Derivatives
Proposed : Rs. 20 per Rs. 1 crore turnover
Present : Rs. 10 per Rs. 1 crore turnover