SEBI revises fee for market intermediaries
Market regulator, Securities and Exchange Board of India (SEBI) has notified new norms that will make market intermediaries and corporates pay higher fees to SEBI.
The revised fees structure will help in strengthening the investor awareness and education measures, enlarging reach among investors through regional and new local offices.
It would also help in enhancing focus on capacity building and raising standards of supervision and enforcement function in the market place such as strengthening market surveillance and investigation function.
SEBI has revised 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 takeover.
While revising the fees, care has been taken to ensure that the impact on retail investors is minimal. It will be periodically reviewing its fees structure downward or upward as the need arise,the market regulator said.
(Posted on 24-05-2014)