Foo Mee Har on Exchanges (Demutualisation and Merger) (Amendment) Bill
The Exchanges (Demutualisation and Merger) (Amendment) Bill is timely, said MP Foo Mee Har in Parliament on Tuesday (Jan 11). It will enable SEL Holdings (SEL) to participate in Singapore Exchange (SGX) corporate actions in a cost-effective manner, she said. This legislative move is crucial to ensure that the core principles are maintained while strengthening the working capital position. She urged the Monetary Authority of Singapore to continue investing strongly in the development of the financial sector. She also sought clarification on several aspects of the Bill. One relates to the available cash flow of the Financial Sector Development Fund (FSDF). She wanted to know how the changes will impact SGX's cash dividend funding for FSDF initiatives.
The Exchanges (Demutualisation and Merger) (Amendment) Bill is timely, said MP Foo Mee Har in Parliament on Tuesday (Jan 11). It will enable SEL Holdings (SEL) to participate in Singapore Exchange (SGX) corporate actions in a cost-effective manner, she said. This legislative move is crucial to ensure that the core principles are maintained while strengthening the working capital position. She urged the Monetary Authority of Singapore to continue investing strongly in the development of the financial sector. She also sought clarification on several aspects of the Bill. One relates to the available cash flow of the Financial Sector Development Fund (FSDF). She wanted to know how the changes will impact SGX's cash dividend funding for FSDF initiatives.
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