What holds up

SEBI Regulation 45 permits a recognised stock exchange to seek listing only on another recognised stock exchange, not itself or an associated exchange, subject to further conditions and SEBI approval.

What does not

Nothing material in the central claim is contradicted by the governing regulation.

Why it matters

No material context is omitted for the narrow claim that self-listing is currently prohibited. Other listing routes and approval conditions do not alter that conclusion.

Why Clear says this

The official SEBI text directly states that a recognised stock exchange may apply to list its securities on an exchange other than itself and its associated exchange. That squarely supports the post’s main takeaway.

Evidence

  • SEBI’s Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, Regulation 45, states that a recognised stock exchange may apply to list its securities on a recognised stock exchange other than itself and its associated stock exchange.
  • The same provision makes any exchange listing conditional on compliance with ownership and governance rules, three years of continuous operations, and SEBI approval.

Sources used

1SEBI: Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, updated textRegulation 45 expressly prohibits a recognised stock exchange from listing its securities on itself or its associated stock exchange.↗2SEBI: Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) RegulationsThe consolidated SEBI regulations set the conditions for an exchange to list on another recognised stock exchange.↗
Language: EnglishChecked 6 Sept 2026, 1:33 amAI-assisted evidence check · Sources remain the final authorityPermanent public research record · Corrections and removal requests supported