FME Regulatory Intelligence, Learning & Practice · IFSCA (Fund Management) Regulations, 2025
Secondary Listing of an ETF or Investment Trust listed in India or Foreign Jurisdiction

Regulation 114

Secondary Listing of an ETF or Investment Trust listed in India or Foreign Jurisdiction

IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VII · Listing

Chapter VII · Listing

Regulation 114 – Secondary Listing of an ETF or Investment Trust listed in India or Foreign Jurisdiction
Medium importance about 3 min

Listing: Listing schemes, ETFs and Investment Trusts, and suspension or delisting.

1

In plain English

An ETF or Investment already listed in India (outside IFSC) or a may seek secondary listing on an IFSC exchange if it complies with its home-jurisdiction law; the exchange may exempt continuous obligations if the FME submits all information in English simultaneously with home-market releases.

In plain English
2

The rule, in its own words

Read the exact text of Regulation 114
114. (1) An ETF or Investment Trust (by whatever name it may be called outside IFSC) may be allowed to list and trade on a recognised stock exchange provided: (a) The ETF or Investment Trust, as the case may be, is listed in India (outside IFSC) or in a foreign jurisdiction; and (b) The ETF or Investment Trust is in compliance with the law of its home jurisdiction. (2) The application for listing of such ETF or Investment Trust shall be filed with the recognised stock exchange(s) in the format and manner provided by the recognised stock exchange(s). (3) The recognised stock exchange(s) may exempt the continuous obligations and disclosure requirements for ETFs or Investment Trust listed on them, provided that the FME submits all information and documents in English to such exchange(s)at the same time as they are released to the home exchange where it has a primary listing.
Statutory text — Principal Regulations, 2025 (as amended to 30 January 2026), consolidated where amended. The notified Gazette text prevails. Tap a highlighted word for how it functions.
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Exceptions and conditions

Taken from the wording of this provision — the carve-outs and conditions worth reading closely.

(3) The recognised stock exchange(s) may exempt the continuous obligations and disclosure requirements for ETFs or Investment Trust listed on them, provided that the FME submits all information and documents in English to such exchange(s)at the same time as they are released to the home exchange where it has a primary listing
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What this means in practice

Compliance actions
Applies to
ETF / Investment Trust (secondary listing)
Frequency
At secondary listing
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Where it connects

Read alongside

6

Check yourself

Quiz Centre

Test yourself on Regulation 114

2 questions in the unified bank test this regulation. Each explains every option and cites the provision.

A secondary listing on an IFSC exchange may get a continuous-obligations exemption if the FME:
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Your notes

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Regulation 114 Chapter VII Medium · about 3 min