SEBI amends Stock Exchanges & Clearing Corporations norms; reduces timeline for payment of regulatory fee to 15 days
Editorial Note : SEBI has notified the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2024. An amendment has been made to Regulation 11 of the existing regulations, i.e. regulatory fee. It states that a recognised stock exchange must pay the Board within 15 days from the end of each month the amount of regulatory fee on its annual turnover for the financial year until the end of that month after adjusting any fee already paid in that financial year.
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