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    <title>Applicability of the regulations</title>
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    <description>Regulation 3 specifies which listed entities are subject to the Listing Obligations and Disclosure Requirements Regulations by listing designated securities (including specified securities, non convertible securities, IDRs, securitised debt, security receipts and mutual fund units). Applicability based on market capitalisation is determined annually by recognised stock exchanges, triggering obligations after a transition period and mandating timely systems implementation and Business Responsibility and Sustainability Report disclosures. Provisions continue or cease based on sustained changes in ranking or outstanding debt thresholds, with debt based requirements remaining in force despite subsequent falls below thresholds.</description>
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