Capital markets regulator Securities and Exchange Board of India (SEBI) has approved the launch of the beta version of the T+0 settlement on an optional basis from March 28. T+0 settlement means that the funds and securities for a transaction will be settled on the day the trade was entered into.
According to an official release issued by the SEBI, 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.
SEBI has said it shall continue to do further stakeholder consultation, including with the users of the Beta version. The SEBI has further said that the market regulator will review the progress at the end of three months and six months from the date of this implementation, and decide on further course of action. SEBI also approved various relaxations for foreign portfolio investors (FPIs) aimed at improving ease of doing business.
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