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Sebi gets Rs 390 cr as fee from market participants in FY16

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Sebi gets Rs 390 cr as fee from market participants in FY16Mumbai: Regulator Sebi received Rs 390.87 crore as fees from securities market participants, including foreign portfolio investors whose contribution more than doubled in 2015-16 compared to the previous fiscal.

Total amount of fees collected by the Securities and Exchange Board of India (Sebi) is 21 per cent more than Rs 323.02 crore garnered in 2014-15, the regulator’s latest annual report showed.

Fees and other charges collected from FPIs stood at Rs 50.80 crore during 2015-16 — more than double of Rs 21.87 crore received in the preceding fiscal.

Sebi collects fees from market intermediaries on both a recurring and non-recurring basis.

For FPI category, Sebi received a fee of Rs 28.31 crore on non-recurring basis and Rs 22.49 crore in recurring basis.

Recurring fee which includes listing and regulatory charges, is paid on annual, three-yearly or five-yearly basis.

Non-recurring fees is received on one time basis and includes fees for offer documents filed/registration fees/application fees/takeover fees/informal guidance scheme/FII registration and FII sub accounts registration.

Of the total Rs 390.87 crore fee received by Sebi in the last fiscal, nearly 61 per cent (Rs 78.63 crore) amount was registration charges from derivative members. The share of registration fee from derivative members stood at 59.61 per cent of the total fees collected in 2014-15.

The largest recurring fees of Rs 78.63 crore was from derivatives members registration followed by Rs 34.15 crore from stock brokers and sub-brokers, during the last fiscal year, Sebi said in the report.

In the non-recurring fees category, the highest fees was collected from takeover fees (Rs 33.87 crore) followed by fees from offer documents and prospectuses filed ( Rs 29.34 crore) and FPIs (Rs 28.31 crore), it added.

Of the total fee collected in 2015-16, Rs 238.06 crore was on recurring basis, while Rs 152.81 crore was non-recurring fee.


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