SEBI’s Uniform Charge Structure for Stockbrokers
On 8th July, 2024, the Securities and Exchange Board of India (SEBI) issued a directive requiring stock exchanges and other market institutions to implement a uniform and equal charge structure for all members, regardless of transaction volume.
- It aims to create a “level playing field” for all brokers, as charges cannot be based on transaction volume.
Need for SEBI’s Intervention
- Discrepancy in Charges Collection: There was a discrepancy between the charges collected by brokers daily and those paid to exchanges monthly, resulting in brokers collecting more than they paid to exchanges.
- Misleading Disclosures: SEBI was concerned about potential misleading disclosures to clients ....
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