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.
For more information, please contact:
Director, Valuation and Transaction Services
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