167 views
File photo

SGX RegCo opens consultation on broader broker custody rules

The shift aligns Singapore with global omnibus custody standards.

Singapore Exchange Regulation (SGX RegCo) has launched a public consultation on proposed rule amendments to facilitate the wider adoption of broker custody accounts, with the consultation open until 27 March 2026.

The move follows recommendations by the Equities Market Review Group to modernise Singapore’s post-trade infrastructure and enhance market competitiveness.

SGX RegCo proposes to amend the rules governing the use of omnibus broker custody accounts and require account operators to facilitate clients’ exercise of shareholder rights.

It also plans to strengthen the regulatory framework for depository agents to ensure robust oversight, according to a press release.

Currently, about two-thirds of retail investors hold SGX-listed stocks through Direct CDP Accounts with the Central Depository, whilst the remaining third use Broker Custody Accounts, typically pooling foreign shareholdings under an omnibus structure.

For brokers, greater visibility into clients’ total holdings enables more personalised financial advice and allows for more competitive commission rates due to reduced credit risk.

The proposed changes would also align Singapore with global omnibus standards, eliminating the need for international firms to maintain separate systems and making the market more attractive to foreign capital.

“This streamlined experience supports more active investor engagement, while giving brokers greater ability to offer more value-added services and strengthen their client relationships,” said Ng Yao Loong, Head of Equities at SGX Group.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.