Sebi halves time period to list shares after IPO closure. Details
Shares can now be listed on the third (T+3) day from the date of closure (T) of an IPO, instead of the existing six (T+6) days.
Source: hindustantimes.com
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Working on intraday settlement of transactions on bourses: SEBI chief
The SEBI Chairperson said the regulator is looking at an architectural shift to help industry implement its various circulars.
Source: indianexpress.com
SEBI chief says instant settlement of trades in the works: What does it mean, and how will investors benefit?
'Settlement' is a two-way process that involves the transfer of funds and securities on the settlement date. As of now, there is a lag between trade and settlement
Source: indianexpress.com
trading plans: SEBI sets out to deepen the market
Shortening the trade settlement cycle involves impressive efficiency improvements in the market clearing mechanism and will be class-leading when implemented. The way it works now in the primary market is money remains blocked in investor accounts earning interest till issuers of IPOs accept subscriptions. Replicating this for the secondary market is more complicated because of the number of parties involved as well as the kinds of transactions they undertake.
Source: indiatimes.com
Instant settlement in Indian capital markets is not very far off, says Sebi chief
Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said that the regulatory body is already working on a mechanism that will allow instant transfer of stocks, cash in investor account
Source: businesstoday.in