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SEBI approves fee hike, budget for FY15

The SEBI Board has approved the upward revision of fees while ensuring minimal impact on the investors

March 21, 2014 8:35 IST | India Infoline News Service
Capital market regulator SEBI (Securities and Exchange Board of India) on Thursday considered the proposal relating to budget estimates for the financial year 2014-15.
The SEBI Board met in Mumbai to consider the proposals for fee revision based on recommendation of Committee on Rationalization of Financial Resources.
The budget for the financial year 2014-15 has been prepared keeping in view the need to place greater emphasis to achieve the mandated statutory objectives, SEBI said in a notification.
Among the activities for FY15, SEBI board will focus on strengthening the investor awareness and education measures. The Board will also enlarge its reach amongst investors through regional and local offices.
The SEBI board will also enhance its focus on capacity building and raise standards of supervision and enforcement functions in market place such as strengthening market surveillance and investigation functions.
In order to fulfill the above objectives, the Board has approved the upward revision of fees while ensuring minimal impact on the investors, SEBI said.


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