Listing agreement requirement: asset management companies must execute exchange agreements before listing mutual fund units. Regulation 31B requires an asset management company to execute a listing agreement with the recognised stock exchange(s) before listing units of any mutual fund scheme, making execution of a formal agreement a pre listing compliance requirement. The regulation's earlier provisions addressing fresh agreements for existing mutual funds were omitted and the present text expressly conditions listing on the AMC's execution of an agreement with the exchange.
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Listing agreement requirement: asset management companies must execute exchange agreements before listing mutual fund units.
Regulation 31B requires an asset management company to execute a listing agreement with the recognised stock exchange(s) before listing units of any mutual fund scheme, making execution of a formal agreement a pre listing compliance requirement. The regulation's earlier provisions addressing fresh agreements for existing mutual funds were omitted and the present text expressly conditions listing on the AMC's execution of an agreement with the exchange.
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