The Business Times
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Tighter rules for corporate finance advisers may weigh on listings’ attractiveness

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Raphael Lim

Raphael Lim

Published Thu, Mar 16, 2023 · 05:50 AM
    • MAS last month introduced a notice on business conduct requirements for CF advisers, setting out specific requirements to manage conflicts of interest and ensure proper governance and supervision.
    • MAS last month introduced a notice on business conduct requirements for CF advisers, setting out specific requirements to manage conflicts of interest and ensure proper governance and supervision. PHOTO: ST FILE

    TOUGHER standards for corporate finance (CF) advisers introduced by the Monetary Authority of Singapore (MAS) may have an impact on the timeline needed for listings. They could also reduce the attractiveness of listings as a means for raising capital.

    Industry practitioners told The Business Times that advisers would generally be practising most of the requirements set out in the notice already, and there should not be a material difference on how due diligence is conducted.

    Nevertheless, the new rules may result in greater enforcement action from regulators. CF advisers would therefore be taking extra care to ensure proper documentation, which could weigh on listing activities.

    SGXMonetary Authority of SingaporeSpotlight

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