"What market participants have told us that we will need to start at T+0 and then move to instantaneous," Buch said. SEBI Chief Madhabi Puri Buch announced on November 25 that a roadmap has been devised for the same-day settlement of trades by March 2024, followed by an optional parallel system for instantaneous settlement. Addressing a press conference in Mumbai after SEBI's Board meeting, Buch stated that for instantaneous settlement, market infrastructure and brokers have emphasized the need for a technological path where the interim step should not be a one-hour delay but rather move directly from T+0 to instantaneous. Buch expressed satisfaction with the progress, stating, "The progress is very good, a lot of discussion has happened. A roadmap is pretty much ready. It is a parallel system that is completely optional." Regarding the timeline, she explained, "What market participants have told us is that we will need to start at T+0 and then move to inst...
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