On Jun. 3, NGR SEC issued circular on implementation of T+2 cycle.
NGR SEC issued circular to all capital market stakeholders on transition of equities segment of the market to a T+2 (i.e. trade date plus two days) settlement cycle.
Implementation Details
All market participants, including brokers, dealers, and custodians, required to update systems and processes to ensure effective implementation of new settlement cycle.
Investors advised to consult their brokers and investment advisers to understand how the new settlement cycle may impact their transactions and investment strategies.
Effectiveness
T+2 settlement cycle for equities transactions takes effect on Nov. 28, 2025.
