True to Label charges require market infrastructure institutions to ensure uniform, transparent pass-through of client charges. MIIs must ensure charges recovered from end clients are True to Label, meaning the exact amount levied on the client is received by the MII. Slab-wise, volume-dependent charge structures that enable members to collect aggregated sums exceeding the MII's receivable must be replaced with a uniform, equal charge structure for all members. MIIs are directed to redesign charge structures, implement requisite infrastructure and by-law amendments, notify and publish provisions to members, and report implementation status to the regulator.
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.
True to Label charges require market infrastructure institutions to ensure uniform, transparent pass-through of client charges.
MIIs must ensure charges recovered from end clients are True to Label, meaning the exact amount levied on the client is received by the MII. Slab-wise, volume-dependent charge structures that enable members to collect aggregated sums exceeding the MII's receivable must be replaced with a uniform, equal charge structure for all members. MIIs are directed to redesign charge structures, implement requisite infrastructure and by-law amendments, notify and publish provisions to members, and report implementation status to the regulator.
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