Market regulation

SGX RegCo directs Shanghai Turbo to convene FY2024, FY2025 AGMs by Aug 31

Failure to comply will be deemed a contravention of mainboard rules

Grab is proposing to double the voting rights of its Class B shares from 45 votes to 90, a move that could entrench founder and CEO Anthony Tan’s voting rights close to 75%.
THE SHARPE EDGE

A (dual) class act to follow in SGX’s path to dual listings

Some believe that Singapore’s dual-class regime remains a path less trodden simply because it was rolled out in no-man’s-land

Regulators have given Singapore-listed companies up to five more years to align climate reporting with IFRS standards.
ESG INSIGHTS

Issue 161: SGX extends climate reporting deadlines; Piyush Gupta banks on blended finance, carbon markets

This week in ESG: Market regulator unveils tiered rollout of reporting requirements; former DBS CEO sees market mechanisms lowering decarbonisation costs

Singapore Exchange probes that found potential rule breaches, including for internal controls and governance, have trended higher since 2020.
ESG INSIGHTS

Issue 159: Prioritising risk, engagement in governance code review; Singapore’s data centre retreat

This week in ESG: MAS official outlines approach of Code of Corporate Governance review; PwC forecasts data centre growth in Asia-Pacific

Governments are not the only ones interested in stablecoins, with major private players also taking notice.

Stablecoins and the global crypto regulatory arms race: What’s at stake for Singapore?

The race to become a leading hub of digital assets will increasingly involve cities strengthening their regulatory frameworks to favour stability over fast profits

Mid to small-cap S-Reits also need a liquidity boost, say analysts.

S-Reits could lose out from family office investment scheme exclusion

Some industry observers say the move would divert capital away from the sector and disadvantage mid to small-cap Singapore-listed Reits that are thinly traded

While unnecessary regulatory intervention must be avoided, necessary regulatory intervention needs to be conducted regardless of whether it spoils the game or not, says the writer.
COMMENTARY

Referee kayu? Like in football, focus in the market should be on the ‘play’, not the refereeing

But public action is a deterrent to future bad behaviour that crosses the line

US president-elect Donald Trump has been clear about his policy priorities, which include a mix of widespread tariffs on imports to the US and more severe tariffs on Chinese imports.

2025 equity outlook: Policy clarity brings fundamentals to the fore

Resolution of the US election in particular has mitigated a key source of uncertainty that caused many companies to put capital expenditures on hold in much of 2024

SGX RegCo says it will continue to play its role in creating a trusted market.

SGX RegCo to review how and when it queries listed companies

Review seeks to remove frictions for listcos so they can take “value-focused” actions, says the regulator