- Who is affected
- Directors and management of SGX-listed issuers, and their sponsors and advisers.
Summary
Regulatory Updates November 2017 In March 2017, SGX conducted a public consultation exercise to seek Market feedback on listing rules amendments regarding its trading platform. Following the consultation, in July 2017, SGX decided to bring back the Mid-day Trading Break (12pm – 1pm) and widen the minimum bid spreads w.e.f 13 November 2017.
• No trades will take place during that period. • Indicative Equilibrium Price (IEP) will be published throughout the break. The IEP is the price which orders in the order book would be executed if matching were to occur at that point. • Address market feedback for shorter trading hours • Maintain overlap in trading hours with key markets in Asia (HK and China) • SGX’s research noted that historically the period has been of thin trading
This update is a summary of publicly available regulatory guidance prepared by SAC Capital Private Limited for general information. It is not legal advice. Issuers should refer to the SGX Listing Rules and consult their sponsor or legal adviser.