The Qatar Financial Markets Authority (QFMA), Qatar Stock Exchange (QSE), and the Edaa (Qatar Depository Company) announced that the settlement cycle will be reduced from T+3 to T+2 in order to mitigate the risks arising from the long settlement period and in line with international best practices.
In order to implement the settlement, shorten process, the rules and procedures related to it will be updated. The date specified for the implementation of settlement period reduction from T+3 to T+2 will be on January 02nd, 2024.
During the period from now until the implementation of the shortening process, both QSE and Edaa will make the necessary updates to the procedures related to the rules and procedures related to the settlement reduction process.