SGX RegCo seeks to revise listing rules for more power, enforcement
It wants higher standards for IPO issue managers and sponsors; special focus on interested party transactions
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Angela Tan
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Singapore
SINGAPORE Exchange Regulation (SGX RegCo) is seeking to revise the listing rules for more powers to deal with potential misconduct and to protect shareholder interest, especially in the area of interested person transactions (IPTs).
Chief executive officer of the frontline market regulator, Tan Boon Gin, told The Business Times that the objective is to ultimately "secure faster enforcement outcomes and provide clarity to the market". Enforcement actions are important both to punish and to deter bad behaviour.
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