Singapore Exchange Regulation (SGX RegCo) is expanding its range of enforcement powers and requiring issuers to have a whistleblowing policy.
This follows a public consultation on changes to the Listing Rules that market participants broadly supported, with the changes aimed at enabling swifter enforcement outcomes.
“The market has spoken and is demanding more public accountability more quickly. 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,” says Tan Boon Gin, CEO of SGX RegCo.