The Securities and Exchange Board of India (SEBI) announced an extension of the timeline for optional T+0 settlement cycle to November 2025 so that eligible market participants have time to put in place systems and processes for “enabling seamless participation of investors”.
“Based on the feedback received from QSBs [qualified stock brokers] ; subsequent discussions with stock exchanges, clearing corporations, depositories and QSBs; and in order to ensure smooth implementation of the same, it has been decided to extend the timeline for QSBs for putting in place the necessary systems and processes for enabling seamless participation of investors in optional T+0 settlement cycle, to November 01, 2025.”
Market infrastructure institutions (MIIs) are advised to put in place necessary systems and make necessary legal amendments.