SEBI Panel Suggests Revision Of Fees For Market Entities


NEW DELHI: Market regulator Sebi will soon consider a significant revision in the fees it charges from various entities so as to meet expenses for its regulatory and investor-centric activities.

A final decision on the proposed revision, which includes pushing back the fees to the level seen before a reduction was announced in 2009 for some intermediaries, would be taken after the issues are discussed by Sebi's board at a meeting scheduled for later this month, sources said.

The proposal to revise fees are based on recommendations made by a Committee on Rationalisation of Financial Resources (CRFR), which has submitted its report to Sebi after detailed discussions and a "thorough study" of various parameters.

Among others, it has been proposed to revise the fees for mutual funds, stock exchanges, brokers as also for the listed and to-be-listed companies for filing of offer documents, rights issues and takeovers.

The fee hikes are being proposed against the backdrop of lower volumes in primary as well as secondary markets, resulting in reduced fee collections.

As per Sebi estimates, the regulator's operational income (fees from intermediaries) is expected to be about 165 crore in the current fiscal - ending March 31 - and at about 196 crore in the next financial year 2014-15.

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Source: PTI