SGX regulatory unit plans review of rules, quarterly reporting

Singapore

THE Singapore Exchange's (SGX) newly formed regulatory subsidiary will conduct a strategic review of its various rules after its board is fully formed, the subsidiary's chairman, Tan Cheng Han, said on Thursday.

Tan Boon Gin, the chief executive of Singapore Exchange Regulation Pte Ltd, which is also known as SGX Regco, also hinted that the exchange could soon propose relaxing mandatory quarterly reporting rules.

The goal of the review will be to improve the market while striking a balance between regulation, compliance and cost, Prof Tan said at his first briefing with reporters since his April 6 appointment as chairman of SGX Regco.

"The eventual goal is not to burden the markets with more rules and regulation," he said. "Instead, we see Regco as a body that will shape the market to become more innovative, sustainable and efficient, and being a reference point gl…