Capital markets regulator Securities and Trade Board of India (SEBI) has identified discrepancies in charges paid by BSE to the regulator on derivatives contracts.

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Because the introduction of derivatives contracts in June 2000, BSE has been paying the regulatory charge on the annual turnover – taking into consideration the premium worth for choices contracts. Per norms, the charges must be paid on the notional worth of choices contracts. As well as, the charges paid to the regulator for FY07 was for 1 / 4 as a substitute of a full yr.

The alternate must now pay up the differential quantity in charges together with 15 per cent curiosity for yearly. The computation of the extra quantity must be licensed by a chartered account and paid inside a month from the date receipt of SEBI’s letter.