Sebi slashes fees on trading, filing documents to boost market activity

The broker turnover fee has been slashed by 50 per cent of the existing fee structure

The Securities and Exchange Board of India (Sebi) has announced a sharp cut in the fees it levies on market activity, such as trading and filing of offer documents. The capital markets regulator said the cut in fees was to boost market activity, which has been hit by the coronavirus disease (Covid-19) pandemic.

“In its continuing efforts to help market participants tide over challenges due to Covid-19, Sebi has decided to reduce the broker turnover and filing fees on offer documents for public issue, rights issue, and buyback of shares,” it said in a release.

The broker turnover fee has been slashed