Sebi sets up panel to bring in T+1 settlement, address concerns

The panel will look into the operational issues that had forced the regulator to put the proposal on the back-burner. While domestic brokers are concerned over the continued hitches in the Pay-in process – a system where brokers deliver sold shares to the clearing corporation on their clients behalf, foreign investors have opposed the shorter settlement cycle because it would mean blocking funds in their Indian bank accounts in advance.

via Economictimes

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