Sebi has drawn up a framework to levy nominal regulatory fee of Rs 1 lakh per exchange on turnover arising from agricultural commodity derivatives, instead of levying charges based on turnover slab rates, a move that is expected to benefit farmers.
The decision comes after the board of Sebi in its meeting last month approved a proposal in this regard.
The Government, Sebi and exchanges are taking various steps to promote agricultural commodity derivative segment so that the benefits of agricultural commodity derivatives are passed on to farmers and Farmers Producer Organisations (FPOs).
In tandem with these efforts, the regulator in a notification on Wednesday said “the recognised stock exchanges shall pay a flat regulatory fee of Rs 1 lakh on aggregate value of the transactions on agricultural commodity derivatives”.