The recent shift away from mandatory quarterly reporting (QR) is seen as a refreshing and much welcomed change for most listed companies. Prior to this, almost 600 out of 850 companies listed had to file quarterly financial reports. Quarterly reporting in the past adopted a size-based approach which not only was seen as added compliance costs and time costs, but as well not value adding as what it should be, thus leaving companies with minimal focus on what matters most. Under the new approach, a company only has to undertake QR if it does not have clean audit opinions or face financial and regulatory compliance issues. SGX has since released a list of some 100 companies which are required to continue with QR, and this list will be reviewed on a quarterly basis. Otherwise, companies are only required to do semi-annual reporting.