Listing requirement for unit based employee schemes: immediate listing on all exchanges where existing units trade, subject to compliance and approvals. A new issue 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 manager files the statement in Part D of Schedule X and obtains in principle exchange approval, and the manager notifies the recognised stock exchanges as specified in Part E of Schedule X upon any exercise.