T+0 Timeline Ticks On: SEBI Grants Extension to Qualified Stock Brokers

The Securities and Exchange Board of India (SEBI) has responded to industry feedback by further extending the implementation timeline for the optional T+0 rolling settlement cycle. This move comes after QSBs flagged challenges in system preparedness and requested more time to ensure seamless execution. The T+0 cycle, which enables same-day trade settlement, was introduced to enhance liquidity and reduce counterparty risk.

Initially scheduled for May 1, 2025, and later pushed to November 1, the deadline has now been deferred indefinitely. SEBI stated that the new timeline will be communicated at a later date. Market Infrastructure Institutions (MIIs) have also been advised to align their systems accordingly to support the transition.

Major takeaways:

• SEBI extends T+0 settlement implementation timeline for QSBs  
• Original deadline of November 1, 2025, now deferred  
• Extension follows QSBs’ concerns over system readiness  
• New timeline to be announced later by SEBI  
• MIIs instructed to prepare for future rollout  

Sources: Business Standard, Moneycontrol, Zee News, SEBI Circular, TaxGuru