SEBI Comprehensive guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF) for Stock Exchanges having commodity derivatives segment

SEBI vide circular dated May 30, 2024 has issued Comprehensive guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF) for Stock Exchanges having commodity derivatives segment. The following contributions shall be credited to the IPF:

1. One (1) percent of turnover fee charged by the stock exchange from its trading members or `Ten Lakh, whichever is higher, in a financial year;
2. Interest or income received out of any investments made from the IPF.
3. All the penalties levied and collected by the stock exchange;
4. Any other contribution as may be specified by SEBI from time to time.

The Circular shall come into force from June 01, 2024.