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Enforcing the comply or explain requirement

SGX should apply the full force of its enhanced enforcement powers on errant parties.

It may be difficult for SGX to take enforcement action for breach of rule 710 if it does not consider an explanation to be "appropriate" but there is nothing to stop it from saying that it feels that an issuer's explanation is inadequate.

ON Oct 12, Tan Boon Gin, the chief regulatory officer of the Singapore Exchange (SGX), announced at the Global Corporate Governance Conference organised by the Securities Investors Association (Singapore) that the SGX would review 550 mainboard-listed companies' compliance with the Singapore...

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