Chee Hong Tat on Securities and Futures (Amendment) Bill
A new legislative framework to facilitate dual listing arrangements on the Singapore Exchange (SGX) was introduced in a bill put up for debate in parliament on Thursday (May 7). It is part of efforts to enhance the competitiveness of Singapore’s equities market and strengthen the country’s position as a leading financial centre. The aim is to attract more quality listings by enabling issuers to tap local and overseas capital conveniently. The move will support the new Global Listing Board (GLB), a listing bridge with Nasdaq which was announced by the Monetary Authority of Singapore (MAS) and SGX last year. MAS Board Deputy Chairman Chee Hong Tat gave details of the bill, including measures to harmonise and streamline requirements for dual listings, and reducing the compliance burden on issuers while maintaining robust standards.
A new legislative framework to facilitate dual listing arrangements on the Singapore Exchange (SGX) was introduced in a bill put up for debate in parliament on Thursday (May 7). It is part of efforts to enhance the competitiveness of Singapore’s equities market and strengthen the country’s position as a leading financial centre. The aim is to attract more quality listings by enabling issuers to tap local and overseas capital conveniently. The move will support the new Global Listing Board (GLB), a listing bridge with Nasdaq which was announced by the Monetary Authority of Singapore (MAS) and SGX last year. MAS Board Deputy Chairman Chee Hong Tat gave details of the bill, including measures to harmonise and streamline requirements for dual listings, and reducing the compliance burden on issuers while maintaining robust standards.
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