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of The regulator further extends the timeline for Qualified Stock Brokers (QSBs) to implement systems and processes for optional T+0 rolling settlement, noting prior directions that had moved applicability from May 1, 2025 to November 1, 2025; a further extension is granted with a future date to be communicated. All other provisions of the December 10, 2024 directive remain unchanged. Market infrastructure institutions are instructed to ready required systems, amend byelaws/rules as necessary, and notify market participants; further guidance will be issued in due course.
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