Regulatory Alerts2024-12-10
Enhancement in the scope of optional T+0 rolling settlement cycle in Equity Cash Markets
The Securities and Exchange Board of India (SEBI) has expanded the optional T+0 rolling settlement cycle in Equity Cash Markets to include the top 500 scrips by market capitalization and allow participation from all stock brokers. The regulator mandates that Market Infrastructure Institutions and custodians implement necessary systems for seamless investor participation, including a new morning block deal window, while brokers are permitted to charge differential fees. These enhanced provisions become applicable from January 31, 2025, with specific operational requirements for qualified stock brokers and custodians taking effect from May 1, 2025.
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