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Singapore brokers to disclose trading curbs from Dec 31

SINGAPORE brokers will announce and explain decisions to impose trading restrictions beginning Dec 31, the Securities Association of Singapore (SAS) announced on Tuesday.

The links to each broker's trading restriction disclosures are listed on the SAS website at

Each of the nine SAS member houses will announce on its respective website when and why it has tightened its trading policy on any Singapore-listed stock. The firms were not required to disclose that information previously, and most distributed that information only to their own traders.

The change comes in the wake of an October 2013 sell-off in penny stocks, which came about shortly after certain trading houses imposed restrictions on a handful of stocks. The Monetary Authority of Singapore and the Singapore Exchange began a wide-ranging consultation on various regulatory and market-practice changes in February 2014, and tasked SAS to develop a set of industry guidelines to enhance the transparency of trading restrictions.