The National Stock Exchange (NSE) on February 26, 2024, issued a notification regarding the Annual Maintenance Charges towards Authorised Persons
This has a reference to NSE/COMP/56947 dated June 02, 2023, and ref no. NSE/COMP/58438 dated September 18, 2023, regarding market access through Authorised Persons, were informed that the Exchange has introduced an Annual Maintenance Charge which will be applicable to the Trading Members towards all the registered APs across segments, as of March 31 of every year, and The will be effective from the financial year 2024-25.
The following has been stated namely: -
• It states that the Annual Maintenance Charges will be applicable to all registered APs across segments starting from April 01, 2024. Therefore, AMC fees of Rs 5000/- each for all registered APs, as per the Exchange's records as of March 31 of each year, will be imposed for the next financial year in the month of April of that year.
• It states that the AMC once charged will not be refunded even if AP registration is cancelled during the year due to any reason including disciplinary action.
• It has also advised the trading members to regularly review the status of all their registered APs, irrespective of whether they have been assigned Trading Terminals, and take appropriate action by canceling the registration of those APs that have displayed prolonged inactivity, spanning a period of six months or more.
[Circular No. NSE/COMP/60859]
