The Hindu Business Line : DPs must submit tariff structure every year

In order to facilitate comparison of DP tariff/charge structure for investors, SEBI has said that depository participants (DPs) must submit the tariff/charge structure every year, latest by April 30 to their depository.

They will also have to inform them of any changes in their tariff/charge structure as and when they are affected.

The regulator has called for depositories to put in place necessary systems and procedures including formats, periodicity, etc for collection of necessary data from the DPs and its dissemination on their Web Site.

This will enable investors to have a comparative analysis of the tariff/charge structure of various DPs.

SEBI in 2005 rationalised the cost structure in the dematerialised environment.

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