MP High Court: Children Prolonging Proceedings at Cost of Father, Cannot be Allowed  ||  SC: Wikipedia to Remove Name of Victim in RG Kar Medical College Hospital Rape-Murder Case  ||  SC: No Demolition Except for Unauthorised Construction to Take Place Without Permission of the Court  ||  Supreme Court: State of Jharkhand Files Contempt Petition Against Central Government  ||  Supreme Court: Petitions Challenging Criminal Laws Withdrawn  ||  Delhi High Court: Challenge to NCDRC Decisions Doesn’t Always Lie in Delhi  ||  Insurance Company to be Liable Even if Insurance Policy Not Transferred  ||  Mad. HC Deals with Rampant Usage of Cool Lip Tobacco Products Amongst School Kids  ||  Del. HC: Customs Admin. While Initiating Procedure for Verification Must Specify Nature of Violation  ||  All. HC: No Period of Limitation in Suit for Declaration of Matrimonial Status of Parties    

SEBI clarifies on reports regarding T+0 settlement cycle- (Securities and Exchange Board of India) (31 Jul 2024)

MANU/SPRL/0014/2024

Capital Market

At an NSE event on July 30, 2024 the SEBI Chairperson released a report on "Indian Capital Markets: Transformative shifts achieved through technology and reforms". The Report referred to potential annual benefit of Rs. 2,800 crore if ASBA for secondary market were to be adopted fully by retail investors.

In this context, a question was posed to the SEBI Chairperson on the ASBA facility being optional due to which retail investors still do not have access to this facility despite such significant potential savings. To this question, the SEBI Chairperson replied that, to begin with, perhaps SEBI might take a proposal to its Board to make it mandatory for the Qualified Stock Brokers to offer ASBA as an option to their clients. The Chairperson emphasised that the option as to whether to use ASBA for their trading shall still remain with the clients.

This has been erroneously reported in a section of the press as "SEBI bats for making T+0 system mandatory for all".

Tags : REPORTS   T+0 SETTLEMENT CYCLE   SECONDARY MARKET  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved