SEBI notifies Reduction in timeline for listing of debt securities and Non-convertible Redeemable Preference Shares to T+3 working days from existing T+6 working

SEBI has shortened the listing process for debt securities and non-convertible redeemable preference shares from T+6 days to T+3 days. This new directive aims to enhance the efficiency of the market and align with global practices, reducing settlement risks and boosting investor confidence. It will come into effect from January 2024. The move is seen as an effort to enhance the ease of doing business in the financial markets. Issuers and market intermediaries are now required to adhere to these revised timelines, which could potentially lead to faster capital mobilization and a more robust bond market.