Singapore working committee reveals IPO regulation trends

Author: Ashley Lee | Published: 26 Feb 2013

The Singapore Exchange’s (SGX) formation of a working group to revise listing rules represents yet another Asia-Pacific jurisdiction tightening rules to protect retail investors in the equity capital markets.

Counsel agree that the working group was formed to align changes to the listing rules with the overhaul of Singapore’s Companies Act,

The SGX working group follows regulatory developments across the Asia-Pacific related to protecting retail investors in the equity capital markets. These include India’s proposed IPO safety net mechanism and Hong Kong’s sponsor regulations.

Stamford Law’s Ng Joo Khin said that over the years, there had been a significant number of changes made to the Listing Manual to address different circumstances and issues that had cropped up.

“Given that some of those changes were put in place piecemeal and at different times, I believe that this exercise will be useful...