Transaction Charges by Commodity Derivatives Exchanges
Summary
SEBI substitutes clause 1.b of its September 2016 circular to cap the ratio of highest to lowest transaction charges at 2:1 within any turnover slab. Commodity derivatives exchanges are mandated to implement this norm and amend their bye-laws accordingly. The provisions become effective thirty days from the date of the circular, issued under Section 11(1) of the SEBI Act.
Text
The Exchanges will ensure that the ratio between highest to lowest transaction charges in the turnover slab of any contract is not more than 2:1
The provisions of this circular shall come into force with effect from 30 days from the date of this circular
take steps to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the same
bring the provisions of this circular to the notice of the members of the Exchange and also to disseminate the same on their website
This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992
Source: SecMarx — Transaction Charges by Commodity Derivatives Exchanges. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.