This circular outlines procedures for an exchange listing control mechanism from India's market regulator SEBI. It establishes that a stock exchange can list on another recognized stock exchange, other than its own or associated exchange. To address conflicts from such listings, the circular creates three levels of oversight. The listing exchange's Listing Department will monitor the listed exchange's compliance. An Independent Oversight Committee at the listing exchange will provide secondary oversight and handle appeals. Additionally, an independent Conflict Resolution Committee formed by SEBI will provide tertiary oversight and handle further appeals to monitor potential conflicts between listed and listing exchanges on an ongoing basis.