SEBI halves broker turnover fee 

#GS3 #Economy 

  • The Securities and Exchange Board of India (SEBI) has halved the broker turnover fee and the filing fee for draft documents. 
  • In its continuing efforts to help market participants to tide over challenges due to COVID-19, Securities and Exchange Board of India (SEBI) has decided to reduce broker turnover fees and filing fees on offer documents for public issue, rights issue and buyback of shares. 
  • The broker turnover fee will be reduced to 50% of the existing fee structure for the period June 2020 to March 2021.  
  • It will be reduced to 50% of the existing fee structure. This will be effective for documents filed from June 1, 2020 to December 31, 2020. 
  • Meanwhile, the new margin framework for derivatives segment that were announced in February and were scheduled to be introduced from May 1, have been postponed until June 1. 
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