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SEBI allows commodity derivative exchanges to raise transaction charges

04 Jan 2018 Evaluate

The Securities and Exchange Board of India (SEBI) has allowed the commodity derivative exchanges to keep the highest transaction charge in turnover slab of any contract at a maximum of double the lowest charge in the same segment. The maximum permissible ratio currently for the highest and lowest transaction charge in a slab is 1.5:1.

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 decision has been taken in consultation with the commodity derivative exchanges. The circular would come into force with effect from 30 days.

The bourses levy different transaction charges for different commodities’ contracts and even in the case of contracts of the same commodity.