SGX RegCo proposes shift to disclosure-based market rules

It aims to support enterprises, boost investor confidence, and enhance market efficiency.

The Singapore Exchange Regulation (SGX RegCo) is proposing significant changes to move towards a more disclosure-based regulatory regime.

It aims to support enterprises, boost investor confidence, and enhance market efficiency.

"The proposed measures will provide investors an expanded range of investing opportunities and better ability to make investment decisions in reliance on relevant and material information," said Tan Boon Gin, CEO of SGX RegCo.

The proposed changes, now open for public consultation, include streamlining qualitative and refining quantitative mainboard admission criteria, removing the financial watch-list, and adopting a more targeted approach to post-listing queries.

SGX RegCo stated it will maintain rigorous oversight of corporate disclosures and trading activity, continuing its focus on admitting quality issuers and taking action against market misconduct.