NOT READY YET

■ FPIS urge regulator to defer move to T+1, which kicks in from January 1

■ Over 60% of FPIS investing into India come from nonasia jurisdictions

■ Extended timeline required for US and European investors, which operate in different time zones than India

■ The US has set a 2023 deadline for shift to T+1 settlement

■ FPIS ready to work with Sebi, other regulatory authorities and market participants to iron out niggling issues