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<h1>SEBI Sets New Transaction Charge Guidelines for Commodity Derivatives Exchanges; Effective September 29, 2016.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to all Commodity Derivatives Exchanges regarding transaction charges. Exchanges can levy different charges for various commodities and contracts, ensuring the highest to lowest charge ratio does not exceed 1.5:1. Concessional charges apply only to incremental turnover, and charges are post-facto. Exchanges must comply with guidelines ensuring system capability, risk management, fairness, and transparency. These provisions take effect from September 29, 2016, replacing previous directives. Exchanges must amend relevant rules, inform members, and report implementation status to SEBI.