Singapore: Securities non-delivery penalties
Loo & Partners LLP, Singapore City |
February 01, 2009
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Loo & Partners LLP
Address
88 Amoy Street
Level Three
Singapore 069907
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+65 6534 3288
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+65 6534 0833
Singapore Exchange (SGX) has issued a consultation paper seeking public feedback on the proposed permanent penalty framework for non-delivery of securities. For readers who are keen to read more on the proposed framework, the same may be accessed from SGX's website at www.sgx.com.sg. This is preceded by the implementations of SGX on September 22 2008 to prevent settlement failures of securities and abusive naked short selling....
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