Singapore’s SGX RegCo to expand enforcement powers
Singapore Exchange Regulation (SGX RegCo) set to expand its range of enforcement powers from 1 August, in an interesting development that aims to reinforce Singapore’s capital markets, reduce malfeasance and enhance protection for investors. The changes follow a public consultation that found broad support. “The market has spoken and is demanding more public accountability more quickly,” said Tan Boon Gin, SGX RegCo CEO. “Particularly in uncertain times, we need to give investors faster answers and greater assurance. Speedy enforcement is also a stronger deterrent that will complement our other pre-emptive efforts such as our new whistleblowing framework.”
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