Immediate listing for employee benefit units mandated, subject to regulatory compliance and exchange approvals and notifications. New issues of units under a unit based employee benefit scheme must be listed immediately on all recognised stock exchanges where existing units are listed, provided the scheme complies with the regulations, the investment manager files the statement specified in Part D of Schedule IX and obtains in principle approval from the recognised stock exchange(s), and, upon any exercise, notifies the concerned recognised stock exchange(s) as per the statement in Part E of Schedule IX.