SINGAPORE (Apr 9): Expectations were not especially high when Singapore Exchange Regulation formally began operations last September, headed by Tan Boon Gin, a former director of the Commercial Affairs Department (CAD) and a one-time District Judge of the Subordinate Courts. The Singapore Exchange had long been accused of having business interests that conflicted with its regulatory role, and it was unclear at the time how independent Tan and SGX RegCo would be in ensuring that the 746 locally listed companies played by the rules. If the past week is anything to go by, however, it does appear that the tone of market regulation is becoming more proactive and high-profile.

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