Indian dating apps, services see surge of paying users in small cities

Brokers said these two moves have made it possible for the regulator to shorten the settlement cycle.

Synopsis

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.

Mumbai: The Securities and Exchange Board of India ( Sebi) has revived its contentious plan to roll out a faster trade settlement system for domestic listed stocks. The capital markets regulator last week set up a panel comprising officials from exchanges, clearing corporations and depositories to iron out concerns that could impede a smooth shift in the country’s trade settlement mechanism to T+1 — an abbreviation for Trade plus one day —from

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

By ariox