The Singapore Exchanges (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 Singapores 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
Indias proposed IPO safety net mechanism and
Hong Kongs sponsor regulations.
Stamford Laws 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...