Transaction fees for brokers and clearing members imposed on turnover, with prescribed collection, payment and interest for delay. Fees on brokers and clearing members are charged as a percentage of turnover for trading and settlement across specified segments, with options turnover computed by premium and notional value when exercised or assigned; clearing members pay prescribed annual fixed fees. Recognized exchanges must collect and remit these fees to the Board monthly, maintain records and furnish returns, while primary liability remains with the broker or clearing member and late payments attract specified interest and enforcement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transaction fees for brokers and clearing members imposed on turnover, with prescribed collection, payment and interest for delay.
Fees on brokers and clearing members are charged as a percentage of turnover for trading and settlement across specified segments, with options turnover computed by premium and notional value when exercised or assigned; clearing members pay prescribed annual fixed fees. Recognized exchanges must collect and remit these fees to the Board monthly, maintain records and furnish returns, while primary liability remains with the broker or clearing member and late payments attract specified interest and enforcement.
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