It has also decided to defer the introduction of a blackout period on research reports 45 days before the filing of an initial public offering (IPO) offer document with the Sebi and 45 days after the listing of the securities.
In a circular today, Sebi said after the amendments to the norms for book-built issues in August, it had received representations from market players stating that infrastructure and software systems need to be upgraded before they can shift to T+ 6 norms.
