The Securities Exchange Board of India (SEBI) on Monday announced measures for listing of stock exchanges in compliance with the Stock Exchanges and Clearing Corporations (SECC) Regulations, 2012.

"The board has considered the proposal for listing of stock exchanges with safeguards and procedures in compliance with the ownership and governance norms as per the SECC Regulations," the regulator said in a statement after its board meeting here.

A listed stock exchange should maintain 51% of shareholding of public category and ensure that holding of trading members, associates and agents does not exceed 49%.

"Each applicant has to declare that he/she is fit and proper when applying for IPO (initial public offer) or OFS (offer for sale) of shares. Procedures will be issued to ensure compliance of the provisions, post-listing," said the markets regulator.

Shareholding threshold of 2%, 5% or 15% will be monitored through a depository mechanism.

"Stock exchanges shall be classified as infrastructure company under SEBI (ICDR) Regulations, 2009," the statement said, adding the norms would apply on the listing of depository.