Broker fee compliance: transitional partial-payment concession ends and members must remit fees under turnover-based rules. Brokers were permitted, under a transitional concession, to remit at least 50% payment facility of principal fees payable on turnover for cash market activity and execute an undertaking to pay the balance with interest within a deferred period; exchanges must inform members that this concession will terminate after the stated deadline and that fees must be remitted in conformity with the Stock Broker Regulations.
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.
Broker fee compliance: transitional partial-payment concession ends and members must remit fees under turnover-based rules.
Brokers were permitted, under a transitional concession, to remit at least 50% payment facility of principal fees payable on turnover for cash market activity and execute an undertaking to pay the balance with interest within a deferred period; exchanges must inform members that this concession will terminate after the stated deadline and that fees must be remitted in conformity with the Stock Broker Regulations.
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