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of <h1>SEBI Updates Stock Broker Fee Regulations; Brokers Must Report Off-Market Transactions and Remit Fees by Set Deadlines.</h1> The Securities and Exchange Board of India (SEBI) has amended the regulations for stock brokers, effective October 1, 2006. Stock brokers can choose to pay fees according to the new schedule, with written consent required by specified dates. Brokers with multiple memberships must report off-market transactions to one chosen exchange for fee payment. Exchanges must remit fees to SEBI and amend their rules to comply with the new regulations. Implementation details must be reported to SEBI by October 2006. The first fee remittance under the new regulations is due by January 5, 2007, covering the period from October to December 2006.
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