Singapore Exchange (SGX) wishes to inform that since its ‘Proposed review of listing manual’ announcement on 3 August 2012, a Working Committee has been established to conduct a comprehensive review of the listing manual to enhance the robustness, efficacy and relevance of the listing framework in Singapore. The Working Committee has commenced its review to identify areas of possible enhancements to strengthen Singapore’s attractiveness as a capital market.
This effort dovetails with SGX’s initiatives to transform the marketplace and is part of its continuing efforts to uphold good corporate governance and high regulatory standards. The Committee, chaired by Mr Richard Teng, Deputy Chief Regulatory Officer of Singapore Exchange, comprises representations from the Association of Banks in Singapore Corporate Finance Committee and market practitioners :-
- Mr. Tan Jeh Wuan, DBS Bank Ltd
- Mr. Yeo Hong Ping, J.P.Morgan (S.E.A) Limited
- Mr. Mark Liew, PrimePartners Corporate Finance Pte Ltd
- Ms. Tan Tze Gay, Allen and Gledhill LLP
- Mr. Raymond Tong, Clifford Chance Pte Ltd
- Mr. Ong Pang Thye, KPMG LLP
- Mr. Sim Hwee Cher, PricewaterhouseCoopers LLP
- Ms. Yvonne Goh, KCS Corporate Services Pte Ltd
- Mr. Soh Gim Teik, Singapore Institute of Directors
- Mr. Mohamed Nasser Ismail, SGX
To facilitate its review, the Working Committee welcomes proposals and suggestions from market participants, both professional and the public. These can be sent to the Regulation team at LM@sgx.com.
Proposals have been made by the Securities Investors Association of Singapore (SIAS) and carefully considered by the Working Committee. SGX is appreciative of the efforts of, and feedback by SIAS.
SGX, together with the Working Committee, will continue to engage all relevant stakeholders on proposals as well as study ways to further strengthen governance practices and investor protection. The Exchange will conduct a public consultation on proposed changes to the listing rules in due course.