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SGX RegCo's need for speed

Jeffrey Tan
Jeffrey Tan3/27/2020 07:00 AM GMT+08  • 12 min read
SGX RegCo's need for speed
While the Covid-19 pandemic rages, the regulator says it is focused on stepping up the pace of its process
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While the Covid-19 pandemic rages, the regulator says it is focused on stepping up the pace of its process

SINGAPORE (March 27): In 2015, the Singapore Exchange (SGX) made a fundamental change to the way it regulates the local stock market. The frontline regu­lator armed itself with more teeth to take greater enforcement action on errant companies. That had giv­en SGX the power to impose penal­ties and fines of up to $1 million.

But with a bigger stick, came along the responsibility to be equitable. For every severe enforcement action tak­en, a greater avenue for companies to make a defence and an appeal was required. Moreover, given that SGX is both a commercial for-profit entity and a stock market regulator, better controls and safeguards were need­ed to ensure that checks and balanc­es were sufficiently robust.

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