SEBI introduces T+0 settlement- A look at how this short settlement mode will impact shareholders
In a move aimed at increasing liquidity in the market, the Capital markets regulator Securities and Exchange Board of India (SEBI) will launch the beta version of the T+0 settlement on an optional basis from March 28, 2024.
Announcing the introduction of the new and optional settlement cycle, SEBI said, “The Board approved the launch of a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set of brokers. In parallel, SEBI shall continue to do further stakeholder consultation, including with the users of the Beta version.”
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The Board will review the progress at the end of three and six months from the date of implementation and determine further steps, SEBI said while considering the shareholder’s feedback. The decision was taken at the 204th Board meeting of SEBI…