NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : COMPLIANCE Download Ref.No.: NSE/COMP/28841

Date : February 11, 2015

Circular Ref.No.: 182/2015

To All Members Sub : Payment of SEBI sub-broker registration renewal fees The Exchange vide circular ref. no. NSE/COMP/26781 dated May 26, 2014 earlier intimated the members about the changes in sub-broker registration fees pursuant to SEBI (Payment of Fees) (Amendment) Regulations, 2014 amending the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992. As per the amended regulations, in respect of sub-brokers registered during the period April 01, 2010 to March 31, 2011, fees of Rs. 10,000 for block of five financial years ending March 2020 shall become due on April 01, 2015, and the fees shall be paid on or before st the 1 day of October 2015 after the expiry of the financial year block. In this connection, the members are hereby informed that: 1. In case of the sub-brokers who do not wish to continue their business after March 31, 2015, the broker shall stop dealing through such sub-brokers and surrender their (sub-broker) certificate of registration so as to reach the Exchange on or before March 20, 2015. 2. The sub-brokers who wish to continue their business after March 31, 2015 shall pay the fee as per the requirements specified in the SEBI (Stock Brokers and Sub-brokers) Regulations, 1992 amended from time to time. Change in sub-broker fees collection mechanism: The members are requested to note that there is a change in the sub-broker registration fee collection mechanism. Starting from financial year 2015-16, the Exchange shall collect the applicable SEBI sub-broker registration fee at the time of application for sub-broker registration and at the time of renewal of registration by way of debit to the Exchange Dues account of the respective members. Acceptance of cheques / demand draft(s) for payment of sub-broker fees shall be discontinued w.e.f. financial year 2015-16. Accordingly, members are requested to note that in case of sub-brokers where applications to

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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cancel SEBI sub-broker registration is not received by March 20, 2015 as aforesaid under point no.1, it shall be presumed that such sub-brokers wish to continue their business after March 31, 2015 and an amount of Rs. 10,000/- for each sub-broker shall be collected by the Exchange by way of debit to the Exchange dues account of the respective members after March 31, 2015. For and on behalf of National Stock Exchange of India Limited

Nipa Simaria Chief Manager

Telephone No 1800 22 00 51

Fax No 91 022 26598194

Email id [email protected]

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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