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<h1>Dematerialization requirement for shifting to rolling settlement - non-promoter holdings must be dematerialized before shift.</h1> Stock exchanges may shift trading in securities of companies with connectivity to both depositories from Trade for Trade Settlement to normal Rolling Settlement only if at least 50% of the shareholding other than promoter holdings is in dematerialized mode, supported by a certificate from the company's RTA or, if no RTA exists, a practicing Company Secretary/Chartered Accountant, and provided there are no other grounds for continuation of TFTS; exchanges must report action taken to the regulator in Monthly/Quarterly Development Reports.