If you invest in the stock market, this update is important for you. On Friday, leading stock exchanges in India, the Bombay Stock Exchange (BSE)
and National Stock Exchange (NSE), announced revisions to transaction charges for cash and futures & options trades.
These changes will take effect from October 1, as stated in separate circulars from both exchanges.
This revision follows a directive from the Securities and Exchange Board of India (SEBI), which requires a uniform fee structure for all members of institutions involved in market infrastructure, including stock exchanges.
New Transaction Fee for Sensex and Bankex Options
BSE has introduced a new transaction fee of Rs 3,250 per crore premium traded for Sensex and Bankex option contracts in the equity futures and options segment.
However, the transaction fee for other contracts in this category will remain the same.
SEBI had previously issued a circular in July, emphasizing the need for a uniform fee structure for market infrastructure institutions (MIIs), replacing the old volume-based trading system.
Faster Listing of Debt Securities
SEBI has also recently decided to reduce the time required for listing public issues of debt securities from six working days to just three.
This change aims to provide quicker access to funds for issuers.
The new rule will be optional for the first year and will become mandatory after that.
For public issues of debt securities and non-convertible redeemable preference shares (NCRPS), the listing time will be reduced to three working days (T plus 3), down from the current six days (T plus 6).
This initiative is expected to streamline the process and provide faster fund access for issuers.
