August 16, 2017

Sebi's 2016-17 Annual Report says fee collection jumped 33% YoY in FY17

Sebi's FY17 annual report reveals details of fees and charges collected from various intermediaries.
Here's something brief I wrote on it for the news organisation I work for currently:
 
 
http://www.cogencis.com/differentiators/ShareNews.aspx?newsId=994895

    Collection of fees from various intermediaries by the
Securities and Exchange Board of India rose a sharp 33% on year in 2016-17
(Apr-Mar).
   This was revealed in SEBI's annual report for financial year 2016-17,
published on its website today.
   The data showed total fees and charges collected by SEBI rose 33% on year
to 5.19 bln rupees in 2016-17, exceeding the on-year growth of 21% in the
preceding financial year.
   The high growth in fees was led by an on-year rise in registration and
turnover-based fee charged to equity derivatives brokers by 14% on year to
894 mln rupees.
   Fees charged to foreign portfolio investors jumped 41% on year to 852 mln
rupees.
   These two categories of intermediary alone made up for a little over
one-third of total fees and charges collected by SEBI in 2016-17 (Apr-Mar).
   SEBI's collection of charges pertaining to offer documents and prospectus
jumped 64% on year to 479 mln rupees while the fees collected from equity
cash market brokers rose 14% on year to 389 mln rupees.
   The only major area where SEBI's fee collection declined pertained to
mutual funds. Total fees and charges collected from mutual funds in 2016-17
were 217 mln rupees, down nearly 10% on year.

DIGITAL DRIVE
   The regulator's annual report also pointed out the measures it had been
taking with regard to the ease of doing business through digital initiatives.
   SEBI said its new enterprise portal, which it had initiated last year to
digitally transform its working, was being expanded in 2017-18 (Apr-Mar) to
cover all intermediaries in the e-registration initiative it had started in
2016-17 (Apr-Mar).
   Further, SEBI said it was going to execute a case management system for
end-to-end management and tracking of all cases it takes up right from
inception till the closure of a case.
   The regulator will also integrate its complaint redressal system with its
mobile app for better tracking and faster resolution of investor complaints,
the annual report said.  End

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