Liang Eng Hwa on Exchanges (Demutualisation and Merger) (Amendment) Bill
SEL Holdings is a special purpose vehicle designated to hold Singapore Exchange (SGX) shares for the benefit of the Financial Sector Development Fund (FSDF). That fund was set up to support the promotion of Singapore as a financial centre. While acknowledging how this came to be, MP Liang Eng Hwa asked if there was a continued need for SEL to be the largest shareholder of SGX, with holding of SGX shares constituting a significant part of investments for FSDF as a result. He asked if FSDF might be better served by a more diversified portfolio. Mr Liang also asked about the governance structure of FSDF and how often its objectives, scope and outcomes are reviewed.
SEL Holdings is a special purpose vehicle designated to hold Singapore Exchange (SGX) shares for the benefit of the Financial Sector Development Fund (FSDF). That fund was set up to support the promotion of Singapore as a financial centre. While acknowledging how this came to be, MP Liang Eng Hwa asked if there was a continued need for SEL to be the largest shareholder of SGX, with holding of SGX shares constituting a significant part of investments for FSDF as a result. He asked if FSDF might be better served by a more diversified portfolio. Mr Liang also asked about the governance structure of FSDF and how often its objectives, scope and outcomes are reviewed.
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