The Securities Exchange Board of India (SEBI) on December 10, 2024, notified regarding the Enhancement in the scope of the optional T+0 rolling settlement cycle in addition to the existing T+1 settlement cycle in Equity Cash Markets.
The following has been stated namely: -
• It states that the optional T+0 settlement cycle will expand to include the top 500 market capitalization scrips by December 31, 2024, gradually phased in alongside the existing 25 scrips.
• It states that Qualified Stock Brokers (QSBs) shall ensure systems for seamless investor participation in the T+0 settlement cycle, with new QSBs given 3 months to comply after list updates.
• It states that Investor participation in the optional T+0 settlement cycle is voluntary, with MIIs required to publish guidelines, FAQs, lists, and provide fortnightly activity reports.
[Circular no. - SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/172]
