Monday September 30 2024
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: India
On 26th September 2024, the Securities and Exchange Board of India (SEBI) announced reduction in the timeline for listing of debt securities and Nonconvertible Redeemable Preference Shares to T+3 working days from existing T + 6 working days (as an option to issuers for a period of one year and on a permanent basis thereafter such that all listings occur on a T+3 basis).
Further, to ensure ease of compliance for issuers, the listing timeline of T+3 working days is introduced as an option to issuers for a period of one year and on a permanent basis thereafter such that all listings occur on a T+3 basis.
The provisions of this circular shall be applicable:
- On voluntary basis to public issues of debt securities and NCRPS opening on or after November 01st, 2024.
- Mandatory for public issues of debt securities and NCRPS opening on or after November 01st, 2025.
Click on the above link for further information
