SEBI vide Gazette Notification dated February 23, 2022, notified (Amendment) to SEBI (Stock Brokers & Sub-Broker) Regulation, 1992 which includes requirement of making payment of SEBI annual fees by the Clearing Members and Self-Clearing Members. As per this amendment, all the clearing members in Equity Derivatives, Currency Derivatives, Interest Rate Derivatives, Commodity Derivatives and Electronic Gold Receipt segments are required to make payment of Rs. 50,000/- plus GST as applicable for every financial year during the period of their clearing membership with the clearing corporation. The fees shall not be applicable for clearing members or self-clearing members in Debt Segment, in case the said clearing member or self-clearing member is already a clearing member or self-clearing member in any other segment and is paying fee, as mentioned above, for such segment.
Indian Clearing Corporation Ltd., collects the fees from the existing clearing members at the beginning of the financial year and make payments to SEBI. As regard the new clearing members seeking admission during the financial year, the fees is collected at the time of admission.
Annual Charge of Fees
Segment |
(Rs. In Lakhs) |
SEBI |
ICCL |
Clearing Member |
Self-Clearing Member |
Nil |
Nil |
Cash |
Nil* |
Nil* |
Nil |
Nil |
Equity Derivatives |
0.50 |
0.50 |
Nil |
Nil |
Currency Derivatives |
0.50 |
0.50 |
Nil |
Nil |
Commodity Derivatives |
0.50 |
0.50 |
Nil |
Nil |
Electronic Gold Receipt |
0.50 |
0.50 |
Nil |
Nil |
Debt |
0.50* |
0.50* |
Nil |
Nil |
* As may be specified by SEBI from time to time.