Sebi clarifies on reports pertaining T+0 system mandatory for all

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Sebi clarifies on reports pertaining T+0 system mandatory for all - Business Standard

Quick Summary:

In a statement issued, the regulator clarified that its chief Madhabi Puri Buch was discussing the Application Supported by Blocked Amount (ASBA) facility, not the T+0 settlement cycle.

Capital markets regulator Sebi on Wednesday clarified on media reports pertaining to making the T+0 system mandatory for all.

"This has been erroneously reported in a section of the press as Sebi bats for making the T+0 system mandatory for all," the regulator said in a statement.