The decision to approve the listing application is taken by the SEM Executive Committee, on the recommendation of the Listing Committee and with the approval of the SEC. The SEM lists a number of criteria that have to be met by the potential listed company for his application to be accepted:

Adequate trading record, with at least three years of published accounts prior to the date of request for listing Expected market capitalisation should not be less than MUR 20 mn.

Public (excluding directors and substantial shareholders holding more than 5% of the issued capital) must hold at least 25% of shares and with a minimum of 200 shareholders. Initially, a shareholding of 15% is allowed, though by the fifth year of listing, this should have increased to 25%.

Detailed information on the company is required, as well as an undertaking to conform to the Rules and Regulations of the Stock Exchange, and an information sheet giving all the recent development in the company.

Abide by post-listing obligations, such as public release of any information liable to influence company's share prices.

Provisional financial statements must be made public within 3 months of the financial year end.