Sebi New Rule: Changes in trading rules, and new rules will be applicable from April 1, 2025...
Market regulator SEBI recently issued a circular. According to this circular, both the main stock exchanges of the stock market, NSE and BSE, were ordered to work as alternative trading venues. According to SEBI's circular, now if trading stops due to any technical reason, it will be shifted. This rule will come into effect from April 1, 2024.
What does the new rule say
According to the new rule, if trading stops due to any technical problem in the Bombay Stock Exchange (BSE), then the shares listed on BSE will trade in NSE. Similarly, if there is any problem with any stock in the National Stock Exchange (NSE), then the shares of the NSE will trade on the BSE.
SEBI has ordered that both the stock exchanges issue a Standard Operating Procedure (SOP) within the next 60 days.
F&O trading will be offset
According to SEBI's circular, NSE has to prepare a reserve list of BSE-listed shares. Similarly, BSE will also have to make a reserve list of NSE-listed shares. After this list is made, shares and indices can be offset in F&O trading.
If there is any technical fault in the stock exchange, then information has to be given to the other stock exchange within 75 minutes.
Change in transaction fee
There has been a change in the transaction fee of both the stock exchanges. Now the transaction fee for cash and futures and options trade has changed.
In NSE, the fee for the cash market is Rs 2.97 / lakh traded value.
In the equity derivatives segment, the transaction fee in futures is Rs 1.73 / lakh traded value.
At the same time, the transaction fee in options is Rs 35.03 / lakh premium value.
In the currency derivatives segment in NSE, the transaction fee is Rs 0.35 / lakh traded value.
The transaction fee in currency options and interest rate options is Rs 31.1/lakh premium value.
The transaction fee in the currency derivatives segment on the Bombay Stock Exchange is Rs 45 for futures contracts and Rs 100 for options per Rs 1 crore turnover.
