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Aligning regulatory effectiveness with market development

Tan Cheng Han
Tan Cheng Han8/7/2017 08:00 AM GMT+08  • 5 min read
Aligning regulatory effectiveness with market development
(Aug 7): Singapore Exchange Regulation (SGX RegCo) will become operational relatively soon, and I would like to share some personal thoughts on what this new independent regulatory company means for companies listed on the SGX and investors.
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(Aug 7): Singapore Exchange Regulation (SGX RegCo) will become operational relatively soon, and I would like to share some personal thoughts on what this new independent regulatory company means for companies listed on the SGX and investors.

Firstly, this is an opportune time for SGX RegCo, as a new entity, to undertake a review of some of the existing rules. If a rule is necessary, it should be in force, even if it is a pain point. If it is not, let us not hesitate to modify or remove it.

This does not mean that such a rule was wrongly introduced in the first place. The circumstances may have been different at the time and even if we should change anything, it should not be taken as disapprobation of what the regulator of the day did previously. For example, while I appreciate why quarterly reporting was introduced 14 years ago, developments since then should prompt us to re-evaluate its usefulness today. I am not saying that it should be removed. But given widespread views that it adds little value today and adds to significant compliance cost, we ought to study the matter carefully.

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