The Monetary Authority of Singapore (MAS) is seeking feedback on a proposal to consolidate listing review functions under the Singapore Exchange Regulation (SGX RegCo) to streamline the listing process.
The proposal follows recommendations from the Equities Market Review Group to adopt a more pro-enterprise regulatory approach while strengthening investor confidence.
If implemented, the consolidation will give prospective issuers greater certainty over timelines as they would only need to engage SGX RegCo throughout the process.
At present, issuers interact with both MAS, which reviews prospectuses for compliance with the Securities and Futures Act, and SGX RegCo, which assesses their suitability to list.
SGX RegCo will continue to focus on admitting quality issuers and ensuring accurate and material disclosures for investors.
MAS will work with SGX RegCo to maintain timely market surveillance and enforcement, and to address breaches of prospectus disclosure requirements under the Securities and Futures Act.
The proposal complements earlier efforts to streamline the listing process and comes alongside measures to strengthen investor confidence, including enhancing investor recourse avenues and helping companies unlock shareholder value.
SGX RegCo is concurrently consulting on changes to its listing rules to operationalise the consolidation.
MAS is inviting public feedback on the proposals until 29 November 2025 through its consultation paper available on its website.
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