SEBI may lower broker fee to Rs 15 per transaction of Rs 1 crore

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1.    The Securities and Exchange Board of India (Sebi) is looking to lower broker fee to Rs 15 per transaction of Rs 1 crore as part of calibration of various other fees collected by the regulator from different market intermediaries.

2.    Even after reducing the broker fee, Sebi is expected to see an increase in its overall fee income as certain new charges would be levied including filing fee for draft scheme of arrangements and processing fee on application for relaxation in certain regulations.

3.    The board of Sebi will consider a proposal in this regard this week, sources said.

4.    Under the proposal, the markets regulator will reduce broker fee from Rs 20 for Rs 1 crore transactions to Rs 15 per crore of transactions. It has been a long pending demand of broker and market participants.

5.    It plans to revise upwards the panel exemption fee under Takeover norms to Rs 5 lakh from Rs 3 lakh. With regard to regulatory fee from exchanges, Sebi would continue with the present fee structure.