BSE to shell out regulatory charge to Sebi more as

Move follows clarity on turnover fee paid by bourses

The BSE faces a larger outgo after regulatory clarity on the fee to be paid to the Securities and Exchange Board of India (Sebi) as a turnover charge on options volume. The market regulator on Friday directed the exchange to pay a regulatory fee on the 'notional value' of annual turnover.

"BSE is further advised to pay the differential regulatory fee (including differential regulatory fee, if any) for the past periods along with applicable interest (i.e.

15 per cent per annum on the amount remaining unpaid or belatedly paid or short paid, for every month of delay or part thereof to the Board) within a period of one month from the date of receipt of this letter," said Sebi in a letter to the BSE.