MiFID II will not affect SGX stocks dual-listed in Europe: MAS

Singapore

EUROPEAN investors in Singapore-listed stocks that are dual-listed in Europe can continue to transact without being affected by the European Union's new financial markets regulations, known as MiFID II, which will come into force on Jan 3.

Stocks dual-listed in Singapore and Europe, such as Jardine Matheson Holdings, Jardine Strategic Holdings and Hongkong Land will not trigger a trading obligation under MiFID II, the Monetary Authority of Singapore (MAS) clarified on Thursday. This is because virtually all trading in these stocks occurs on the Singapore Exchange (SGX), instead of European trading venues. The EU trading obligation would apply to shares dual-listed in other recognised countries only if trading in the EU constitutes a signific…