Further extension of timeline for mandatory implementation of systems and processes by Qualified Stock Brokers (QSBs) with respect to T+0 settlement cycle
The SEBI circular dated October 30, 2025, grants a further extension to Qualified Stock Brokers (QSBs) for implementing the required systems and processes to facilitate investor participation in the optional T+0 settlement cycle in the equity cash market. Earlier, the deadline was extended to November 1, 2025, but due to operational challenges highlighted by QSBs, SEBI has postponed the timeline again, with a new date to be announced later. All other provisions of the earlier circulars remain unchanged, and market infrastructure institutions (MIIs) are instructed to make necessary amendments and inform market participants accordingly.
