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SGX RegCo’s reminder to IFAs helpful, but more tweaks for the industry could be considered

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Raphael Lim

Raphael Lim

Published Wed, Jul 5, 2023 · 05:00 AM
    • Minority shareholders have voiced displeasure in recent months over perceived lowball offers that still receive “fair and reasonable” opinions from their IFAs.
    • Minority shareholders have voiced displeasure in recent months over perceived lowball offers that still receive “fair and reasonable” opinions from their IFAs. PHOTO: PIXABAY

    SINGAPORE Exchange Regulation (SGX RegCo) on Monday (July 3) issued a new set of guidelines, setting out expectations for independent financial advisers (IFAs) and the opinions they provide in the context of SGX Listing Rules.

    The frontline regulator also provided guidance for directors who have to procure such advice from IFAs and make a recommendation to shareholders.

    The reminder from SGX RegCo is helpful.

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