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A foreign issuer applying for a secondary listing must already be listed or will be concurrently listed on a foreign stock exchange (referred to as the "home exchange") and must be, or will be, subject to the listing (or other) rules of the home exchange where it has a primary listing. The application need not comply with Part VIII of this Chapter with regard to the moratorium on promoters' shareholdings. A foreign issuer with a secondary listing on the Exchange need not comply with the Exchange's listing rules, provided that it undertakes to:—

(1) release all information and documents in English to the Exchange at the same time as they are released to the home exchange;
(2) inform the Exchange of any issue of additional securities in a class already listed on the Exchange and the decision of the home exchange; and
(3) comply with such other listing rules as may be applied by the Exchange from time to time (whether before or after listing).