Transaction charges regulation caps differential and mandates post-facto, incremental slab charging to ensure fair, non-discriminatory markets. Exchanges may levy varying transaction charges across commodities and contracts provided the highest-to-lowest charge within any turnover slab does not exceed 1.5:1; concessional slab rates apply only to incremental turnover and charges must be levied on a post-facto basis. Revisions must preserve system capacity and risk management, avoid selective treatment, artificial demand or market irregularities, and be applied uniformly, fairly and transparently. Exchanges must amend bye-laws, notify members, disseminate on websites and report implementation to the regulator.
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Provisions expressly mentioned in the judgment/order text.
Transaction charges regulation caps differential and mandates post-facto, incremental slab charging to ensure fair, non-discriminatory markets.
Exchanges may levy varying transaction charges across commodities and contracts provided the highest-to-lowest charge within any turnover slab does not exceed 1.5:1; concessional slab rates apply only to incremental turnover and charges must be levied on a post-facto basis. Revisions must preserve system capacity and risk management, avoid selective treatment, artificial demand or market irregularities, and be applied uniformly, fairly and transparently. Exchanges must amend bye-laws, notify members, disseminate on websites and report implementation to the regulator.
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