Jamus Lim on Securities and Futures (Amendment) Bill
The Securities and Futures (Amendment) Bill is part of the continued effort by the Monetary Authority of Singapore to improve market liquidity in the Singapore Exchange, said MP Jamus Lim. Speaking in parliament in Thursday (May 7), he noted that it has two main elements - legislative changes to facilitate dual listings and refinements to improve regulatory oversight. He pointed out that the trick is to sustain the momentum with concrete policy actions that truly shore up liquidity and keep it in Singapore. He raised concern that Singapore’s push for dual listing may result in its scarce local liquidity leaking to foreign shores. He also asked if parliament will have any role in scrutinising the credibility of other exchanges before they are designated.
The Securities and Futures (Amendment) Bill is part of the continued effort by the Monetary Authority of Singapore to improve market liquidity in the Singapore Exchange, said MP Jamus Lim. Speaking in parliament in Thursday (May 7), he noted that it has two main elements - legislative changes to facilitate dual listings and refinements to improve regulatory oversight. He pointed out that the trick is to sustain the momentum with concrete policy actions that truly shore up liquidity and keep it in Singapore. He raised concern that Singapore’s push for dual listing may result in its scarce local liquidity leaking to foreign shores. He also asked if parliament will have any role in scrutinising the credibility of other exchanges before they are designated.
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