SEBI unveils T+1 settlement cycle on optional basis

New Delhi, September 7

Capital markets regulator SEBI on Tuesday introduced T+1 settlement cycle for completion of share transactions on optional basis in a move to enhance market liquidity. Currently, trades on the Indian stock exchanges are settled in two working days after the transaction is done (T+2).

The stock exchange may choose to offer T+1 settlement cycle on any of the scrips, after giving an advance notice of at least one month, regarding change in the settlement cycle, to all stakeholders, including the public at large, and also disseminating the same on its website. — PTI