- Who is affected
- Directors and management of SGX-listed issuers, and their sponsors and advisers.
Summary
Background: In April 2018, SGX initiated a “SGX Fast Track Programme” to recognise and encourage listed issuers that have good corporate governance standings and good compliance track record. Issuers that are on the SGX Fast Track Programme will have prioritised clearance for selected corporate actions submitted to the SGX. In July 2018, in a closed-door seminar organised by SGX and SIAS, the CEO of Singapore Exchange Regulation (SGX Regco)- Mr Tan Boon Gin, shared SGX’s tiering approach in shaping and dealing with the behaviors of listed companies in terms of regulatory compliance.
In a nutshell: SGX discloses its tiering approach as a frontline regulator for listed companies based on the companies’ attitude towards regulatory compliance. 1)
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.