Applicability of the regulations

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.... (f) any other securities as may be specified by the Board. ^8[(2) The applicability of the provisions of these regulations to a listed entity on the basis of market capitalisation shall be determined as follows: ^10[(a) Every recognized stock exchange shall, at the end of the calendar year i.e., 31^st December, prepare a list of entities that have listed their specified securities ranking such entities on the basis of their average market capitalisation from 1st July to 31st December of that calendar year.] (b) The relevant provisions shall then become applicable to a listed entity that is required to comply with such requirements for the first time (or, if applicable, required to comply after any interim period) ....

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.... change results in the listed entity remaining outside the applicable threshold for a period of three consecutive years. (2B) For such listed entities which remain outside the applicable threshold for a period of three consecutive years in terms of sub-regulation (2A) of this regulation, the provisions that apply on the basis of criteria of market capitalisation shall cease to apply at the end of the financial year following the 31st December of the third consecutive year: Provided that for those listed entities that follow January to December as its financial year, the provisions shall cease to apply at the end of three months from 31st December of the third consecutive year (i.e. on 31st March).] ^7[(3) The provisions of these re....