Which of the following statements is correct regarding the Settlement Cycle?
1
At present, the settlement of funds and securities happens on the T+1 cycle only. Under it, securities and funds are settled by the next month of the trade.
2
A facility for clearing and settlement of funds and securities on T+0 (same day) and instant settlement cycle on an optional basis has been operational since 2021.
3
Securities and Exchange Board of India (SEBI) regulates the settlement cycle.
4
The surveillance measures applicable in the T+1 settlement cycle will not apply to securities in the T+0 settlement cycle.