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<h1>SEBI Sets Criteria for Companies to Transition from Trade for Trade to Rolling Settlement with Demat Requirements.</h1> The circular issued by SEBI outlines the criteria for companies to shift from Trade for Trade Settlement (TFTS) to normal Rolling Settlement. Companies listed in Annexure 'A' have established connectivity with both NSDL and CDSL as of October 2008. To qualify for the 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 professional. Stock exchanges are required to ensure no other reasons exist for maintaining TFTS and must report their actions to SEBI in their Monthly/Quarterly Development Report.