Sebi: Sebi extends deadline for elective T+0 settlement for QSBs to Nov 1

Mumbai: Securities and Trade Board of India (Sebi) has prolonged the timeline for implementation of the elective T+0 settlement cycle for certified inventory brokers (QSBs) to November 1, from the earlier deadline of Might 1, it stated in a round on Tuesday.

Earlier in December, Sebi had stated that inventory brokers who’re designated as QSBs should put in place programs and processes for enabling seamless participation of buyers in elective T+0 settlement cycle. Underneath the T+0 (T refers back to the day of the commerce and 0 is the day of settlement) settlement, which is at the moment elective for market contributors, trades accomplished in shares will likely be settled on the identical day.

The plan to shift to an elective T+0 settlement system began as a pilot venture with 25 shares out there for buying and selling beneath this, and provision has been made to increase it to the highest 500 scrips by way of market capitalisation as on December 31, 2024.

There have been as many as 11 QSBs within the Indian inventory market as per a March 2024 round.