Power to relax enforcement of listing regulations allows regulatory relief to protect investors and support market development. The Board may relax strict enforcement of listing regulations when a governing Act or rule must take precedence, undue hardship to investors would result, disclosure requirements are irrelevant for a particular industry or class of listed entities, a requirement is technical, or non compliance is caused by factors beyond entities' control. Applications, including grounds for relief, must be filed with the Board and accompanied by a non refundable application fee payable by prescribed electronic modes.