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SGX Introduced More Robust Disclosure Requirements

SGX RegCo has implemented a new risk-based approach to quarterly reporting to replace the current reporting requirement based on companies meeting a certain minimum market capitalization.

Authored By

Ms Grace Lui

Director

Valuation and Transaction Services

gracelui@nexiats.com.sg

With effect from 7 February 2020, Singapore Exchange Regulation (SGX RegCo) has implemented a new risk-based approach to quarterly reporting to replace the current reporting requirement based on companies meeting a certain minimum market capitalization. At the same time, it has introduced more robust disclosure rules for all listed companies.

The affected areas are mainly interested person transactions (IPTs), significant financial assistance, significant transactions and dilutive secondary fund-raising. These amendments will safeguard investors’ interests in matters where they have indicated the greatest concern. Hence, the disclosure obligations apply not just to materially price sensitive information but also trade-sensitive information.

Below sets out a snapshot of the existing and new disclosure requirements.

 

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Pulse, Valuation & Transaction

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