The Securities and Exchange Board of India (SEBI) approved launch of same day settlement (T+0) for a limited set of 25 scrips with a limited number of brokers along with a slew of measures to bring flexibility for initial public offerings (IPOs), Alternative Investment Funds (AIFs), and Foreign Portfolio Investors (FPIs).

Banking & Finance

The Securities and Exchange Board of India (SEBI) approved launch of same day settlement (T+0) for a limited set of 25 scrips with a limited number of brokers along with a slew of measures to bring flexibility for initial public offerings (IPOs), Alternative Investment Funds (AIFs), and Foreign Portfolio Investors (FPIs). The market regulator also approved a uniform approach for verification of market rumours—based on the submissions made by an Industry Standards Forum (ISF). Earlier, Sebi chairperson Madhabi Puri Buch had indicated March 28 as the timeline to launch T+0 settlement cycle. The composite holdings of all such FPIs in the company with no identified promoter should be less than 3 percent of its total equity share capital. FPI registrations that expire due to non-payment of registration fee will now be permitted to be reactivated within 30 days from such expiry. If the FPI chooses not to re-activate its registration within 30 days, it shall be given 180 days for disposal of its securities.


      SEBI has also recognised the stock exchanges as a body for administration and supervision of research analysts and investment advisors.

      Securities remaining unsold after 360 days will be deemed to have been compulsorily written-off and will be transferred to an escrow account.

     

 

     


Securities and Exchange Board of India (SEBI)

HQ- Mumbai
Chairperson- Madhabi Puri Buch
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