Listing timeline reduction enables faster issuer access to funds and earlier investor liquidity through accelerated public-issue listings. Reduction of the listing timeline for public issues of debt securities and non-convertible redeemable preference shares to T+3 working days (optionally for one year, then mandatory) to accelerate issuer access to funds and investor liquidity. During the voluntary year, the refund/unblocking and interest obligations under regulation 37(2) will apply only after T+6 if the issuer fails to meet the chosen T+3 timeline. The T+3 timeline must be disclosed in offer documents and stock exchanges will monitor compliance; an Annexure prescribes the timebound operational steps to achieve listing within the T+3 schedule.