Description

SEBI turnover fees for all segments will be debited on November 06, 2025, with 18% GST applicable. Trading members must ensure sufficient funds in settlement accounts.

Summary

BSE notifies trading members that SEBI turnover fees for October 2025 across all segments (Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment) will be debited on November 06, 2025. The fees include 18% GST as per the existing policy effective from July 18, 2022.

Key Points

  • SEBI turnover fee with 18% GST will be debited on the 3rd working day of next month (November 06, 2025)
  • Fees will be debited from respective settlement (valan) account/Exchange dues account
  • Turnover details and fee amounts will be available in EXTRANET on or before November 04, 2025
  • GST at 18% is payable on the amount mentioned in column no. 26 of TF2A file
  • Invoices will be available in EXTRANET for download on or before November 04, 2025
  • File location: Periodic files > 2025 > ZIP with file name SEBIOCT2025.Member_Code

Regulatory Changes

No new regulatory changes. This notice reiterates the existing requirement that SEBI turnover fees are subject to 18% GST, which has been effective since July 18, 2022 (as per Exchange notice no. 20250930-5).

Compliance Requirements

  • Trading members must ensure sufficient funds are available in their settlement account (valan account)/Exchange dues account by November 06, 2025
  • Members should review turnover details and fee amounts in EXTRANET by November 04, 2025
  • Download and retain invoices from EXTRANET (available on or before November 04, 2025)
  • Monitor file names: TF2Ammyy, TF2Bmmyy, TF2Cmmyy, TF2Dmmyy, TF2Emmyy, TF2Fmmyy, TF2Gmmyy, TF2Hmmyy, TF2Immyy, and TF2Jmmyy (where mmyy stands for month and year)

Important Dates

  • October 31, 2025: Notice date
  • November 04, 2025: Turnover fee details and invoices available in EXTRANET
  • November 06, 2025: SEBI turnover fees including GST will be debited from settlement/Exchange dues accounts

Impact Assessment

Operational Impact: Medium - Trading members must ensure adequate liquidity in settlement accounts to avoid debit failures. This is a routine monthly process but requires proactive fund management.

Financial Impact: Varies by member - Impact depends on individual trading member’s turnover volumes across segments. The 18% GST adds to the overall fee burden.

Market Impact: Low - This is an administrative fee collection process with no direct impact on trading operations or market activity. However, insufficient funds could lead to compliance issues for individual members.

Segments Affected: All trading segments including Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment.

Impact Justification

Routine monthly SEBI turnover fee collection with GST. Important for trading members to ensure adequate funds but not market-impacting.