BSE shares plummeted 19% on NSE as Sebi demanded a regulatory fee tied to annual turnover, considering notional value in options contract. It was the largest single-day decline since 2017. Jefferies downgraded BSE to Hold.
HDFC Securities says BSE can reduce the impact of higher regulatory fees to as low as 5-2 percent of its FY25-26 earnings by increasing transaction charges and reducing clearing charges
Based on the annual turnover considering notional value of option contracts, the total differential Sebi regulatory fees from FY 2006-07 to FY 2022-23 would be approximately Rs 68.64 crore plus GST, which includes interest of Rs 30.34 crore.