SGX RegCo seeks to revise listing rules for more power, enforcement

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.

"We have been formulating a plan to overhaul our enforcement policy, framework and actions. This is targeted to be presented and consulted on next year," he shared.

"The changes will include the structure and terms of reference of the Listings Disciplinary Committee (LDC) and the Listings Appeals Committee (LApC). We will also address the impact on minority shareholders when compani…