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

Introduction of Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets

21-Mar-2024 | SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/20

DGFT has issued notification on Introduction of Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets.

By virtue of this notification a framework for introduction of the Beta version of T+0 settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers has been put in place.

The operational guidelines in this regard are provided in the circular.

To ensure smooth implementation, the MIIs shall publish other operational guidelines (including mechanism for trading, clearing and settlement, risk management, etc.) and Frequently Asked Questions (FAQs) along with the list of 25 scrips for the Beta version of T+0 settlement cycle and disseminate the same on their respective websites.

On periodic basis, MIIs shall disseminate the list of brokers that are participating in the Beta version of T+0 settlement cycle on their websites.

MIIs shall provide a fortnightly report on the progress of activities in the Beta version of T+0 settlement cycle till further direction.

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