Description

Notice regarding payment of SEBI turnover fees with 18% GST across all trading segments, with debit scheduled for January 5, 2026.

Summary

BSE has issued a notice regarding the payment of SEBI turnover fees for December 2025 across all trading segments. The fees, which include 18% GST (effective from July 18, 2022), will be debited from trading members’ settlement/Exchange dues accounts on January 5, 2026. Turnover details and invoices will be available in EXTRANET by January 2, 2026.

Key Points

  • SEBI turnover fee applies to Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment and EGR segment
  • GST charged at 18% on turnover fees (effective from July 18, 2022)
  • Fees will be debited on the 3rd working day of next month (January 5, 2026)
  • Turnover details and GST amounts available in EXTRANET by January 2, 2026
  • GST payable on amount mentioned in column 26 of TF2A file
  • Invoices downloadable from EXTRANET path: Periodic files > 2026 > SEBIDEC2025.Member_Code
  • Members must ensure sufficient funds in settlement/Exchange dues account

Regulatory Changes

No new regulatory changes introduced. This notice reiterates the existing requirement of 18% GST on SEBI turnover fees as referenced in Exchange notice no. 20251128-1.

Compliance Requirements

  • Trading Members must: Ensure sufficient funds are available in their settlement account (valan account) or Exchange dues account by January 5, 2026
  • Review: Turnover details across segments available in EXTRANET (current date > EQ > Transaction) by January 2, 2026
  • Download: Invoices from EXTRANET by January 2, 2026 from specified path
  • Note: GST at 18% will be debited separately with appropriate narration
  • Files to check: TF2Ammyy, TF2Bmmyy, TF2Cmmyy, TF2Dmmyy, TF2Emmyy, TF2Fmmyy, TF2Gmmyy, TF2Hmmyy, TF2Immyy, and TF2Jmmyy (where mmyy = month and year)

Important Dates

  • December 31, 2025: Notice date
  • January 2, 2026: Turnover details and invoices available in EXTRANET
  • January 5, 2026: SEBI turnover fees including GST debited from settlement/Exchange dues accounts (3rd working day of month)

Impact Assessment

Financial Impact: All trading members across all segments (Cash, Derivatives, Currency, Commodity, Interest Rate, Debt, Repo, EGR) will have their accounts debited for December 2025 turnover fees plus 18% GST. Members must maintain adequate liquidity to avoid settlement issues.

Operational Impact: Standard monthly procedure requiring members to verify turnover calculations, download invoices, and ensure sufficient account balances. No change to existing processes.

Market Impact: Low - routine administrative fee collection with no impact on trading operations or market participants beyond trading members.

Impact Justification

Routine monthly fee collection affecting all trading members across segments with standard GST implications