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    <title>Standardization of timeline for listing of securities issued on a private placement basis</title>
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    <description>Issuers must follow standardized timelines-closure at T, receipt of funds by T+2 trading day, and allotment with listing application by T+4 trading day-and depositories shall activate ISINs for privately placed debt securities only after stock exchange listing approval; new re issuances should be credited to a temporary frozen ISIN and moved to the existing ISIN upon listing approval.</description>
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      <description>Issuers must follow standardized timelines-closure at T, receipt of funds by T+2 trading day, and allotment with listing application by T+4 trading day-and depositories shall activate ISINs for privately placed debt securities only after stock exchange listing approval; new re issuances should be credited to a temporary frozen ISIN and moved to the existing ISIN upon listing approval.</description>
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