SEBI (Payment of Fees) (Amendment) Regulations, 2020

May 12, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Securities and Exchange Board of India (SEBI) on May 08, 2020 has published the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2020 to further amend the SEBI (Stock Brokers) Regulations, 1992, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Buy-Back of Securities) Regulations, 2018.

The followings are the amendments made:-

Ø  Under the SEBI (Stock Brokers) Regulations, 1992, a new sub-clause (1A) has been inserted in the Schedule V, in Part B, in clause 3, stating that every stock broker in cash segment, equity derivatives segment, currency derivatives segment, interest rate derivatives segment and commodity derivatives segment, other than agri commodity derivative, shall be liable to pay 50% of fees of their turnover for the period June 01, 2020 to March 31, 2021.

Ø  Under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a new table regarding the size of the issue, including intended retention of oversubscription has been inserted in Schedule III for the period from June 01, 2020 to December 31, 2020.

Ø  Under the SEBI (Buy-Back of Securities) Regulations, 2018, a new table related to the fee structure of the offer size has been inserted in Schedule V for the period from June 01, 2020 to December 31, 2020.

The Notification shall come into effect from June 01, 2020.

[SEBI Notification No. SEBI/LAD-NRO/GN/2020/011]


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