Description

BSE/ICCL notifies clearing members of SEBI Annual Clearing Membership fees of Rs. 59,000/- (inclusive of 18% GST) for FY 2026-27, to be debited on April 22, 2026.

Summary

Indian Clearing Corporation Limited (ICCL) has notified all Clearing Members of the SEBI Annual Clearing Membership fees payable for the Financial Year 2026-27. The total fee of Rs. 59,000/- (Rs. 50,000/- base fee plus 18% GST) will be debited directly from settlement bank accounts on April 22, 2026.

Key Points

  • SEBI Annual Clearing Membership fee is Rs. 50,000/- plus 18% GST (total Rs. 59,000/-) per financial year
  • Applicable to Clearing Members in Equity Derivatives, Currency Derivatives, Interest Rate Derivatives, Debt, and Commodity Derivatives Segments of ICCL
  • Fees for Debt Segment are waived if the member already pays the fee as a Clearing Member in any other Derivatives segment
  • GST at 18% applies per SEBI Circular SEBI/HO/GSD/TAD/CIR/P/2022/0097 dated July 18, 2022
  • Late payment or non-payment due to member default attracts interest at 12% per annum for every month of delay or part thereof

Regulatory Changes

No new regulatory changes. This notice is issued under Schedule V of Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 and references SEBI (Stock Brokers) Regulations, 2026 for the interest penalty clause.

Compliance Requirements

  • All Clearing Members must ensure sufficient funds are maintained in their respective segment’s settlement bank account(s) on or before April 22, 2026
  • Members with registrations across multiple derivative segments must pay the fee for each applicable segment (except Debt Segment exemption)
  • For clarifications, members should contact: iccl.membership@icclindia.com

Important Dates

  • April 22, 2026 (Wednesday): Debit of SEBI Annual Clearing Membership fees of Rs. 59,000/- from settlement bank accounts

Impact Assessment

This is a routine annual compliance obligation for all ICCL Clearing Members. The financial impact is a fixed cost of Rs. 59,000/- per applicable segment per member. Failure to maintain adequate funds on April 22, 2026 will result in a default and attract interest at 12% per annum on the unpaid amount. Members active in multiple segments (excluding the Debt Segment exemption) will incur the fee for each segment separately.

Impact Justification

Routine annual fee notification affecting all clearing members across multiple segments; no new regulatory change, but requires timely fund availability to avoid interest penalty of 12% per annum.