SGX to hold mainboard IPO managers to higher standards
It wants issue managers to be independent of listing applicants
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Singapore
ISSUE managers that advise firms seeking to list on the mainboard of the Singapore Exchange (SGX) could soon be held more accountable for the firms they help take public, if new rule changes proposed by the SGX get implemented.
Currently, the SGX does not require mainboard issue managers to be independent from the firms they advise.
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