Settlement rescheduling allows exchanges to merge multiple settlement cycles into a single day when bank holidays disrupt settlement. When scheduled bank holidays make settlement days fewer than trading days, exchanges may merge settlements of multiple trading days into one settlement day and allot a single settlement number if a calendar was drawn in advance; unscheduled settlement holidays may preclude last minute clubbing and prior SEBI guidance will apply. Exchanges may adopt appropriate risk containment measures and must draw up settlement schedules accordingly.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Settlement rescheduling allows exchanges to merge multiple settlement cycles into a single day when bank holidays disrupt settlement.
When scheduled bank holidays make settlement days fewer than trading days, exchanges may merge settlements of multiple trading days into one settlement day and allot a single settlement number if a calendar was drawn in advance; unscheduled settlement holidays may preclude last minute clubbing and prior SEBI guidance will apply. Exchanges may adopt appropriate risk containment measures and must draw up settlement schedules accordingly.
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