SEBI Margin Collection Rule: Brokers Must Collect by T+1
Why in the news
SEBI set a new deadline for margin collection to match the faster T+1 settlement cycle.
Key facts
- Applies to the equity cash segment; VaR and ELM are outside it.
- T+1 replaced T+2 and was fully implemented in January 2023.
Impact
- Brokers: adapt systems and avoid penalties.
- Investors: keep funds or securities ready by T+1, with less buffer time.
Exam angle
- Regulator: SEBI; aim: timely risk management, margin discipline.