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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Enhancement in the scope of optional T+0 rolling settlement cycle in addition to the existing T+1 settlement cycle in Equity Cash Markets

10-Dec-2024 | SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/172

SEBI has issued a circular in reference to Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/20, regarding enhancement in the scope of optional T+0 rolling settlement cycle in addition to the existing T+1 settlement cycle in Equity Cash Markets, effective from 31st January 2025.

By virtue of this circular, it is notified that the scope of optional T+0 settlement cycle has been increased to top 500 scrips in terms of market capitalization as on December 31, 2024 which was earlier applicable only to a limited set of 25 scrips as per Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/20. It is to be noted that the list of scrips as mentioned above which are available for optional T+0 settlement cycle is in addition to the existing 25 scrips available for trading and settlement under the Beta version of optional T+0 settlement cycle as per Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/20.

Also, the MIIs are required to provide a fortnightly report on the activities under optional T+0 settlement cycle till further direction.

Further, the timelines on which the various provisions of the circular will come into effect are also notified which are as follows-
1. The provisions at Para 3.1, 3.2,4 and 5 shall be applicable with effect from January 31, 2025.
2. The provision at Para 3.3, 3.4 and 3.5 shall be applicable with effect from May 01, 2025

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