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<h1>SEBI Sets Criteria for Companies Transitioning from Trade for Trade to Rolling Settlement; Requires 50% Demat Holdings.</h1> The circular from SEBI addresses the eligibility criteria for companies to transition from Trade for Trade Settlement (TFTS) to normal Rolling Settlement. Companies listed in Annexure 'A' have established connectivity with both NSDL and CDSL depositories. To qualify for this shift, at least 50% of non-promoter holdings must be in dematerialized form, verified by a certificate from a Registrar and Transfer Agent or a practicing company secretary/chartered accountant. Additionally, there should be no other reasons to continue trading under TFTS. Stock exchanges must report their actions to SEBI in their Monthly/Quarterly Development Reports.