The Monetary Authority of Singapore (MAS) has announced plans to consolidate the listing review functions under the Singapore Exchange Regulation (SGX RegCo) to streamline the listing process. This proposal, open for public consultation until 29 November 2025, aims to simplify the engagement process for prospective issuers, who currently deal with both MAS and SGX RegCo.
The consolidation is part of broader recommendations by the Equities Market Review Group, established in August 2024, to adopt a pro-enterprise regulatory approach whilst bolstering investor confidence. By centralising the review functions, issuers will only need to liaise with SGX RegCo, providing them with greater certainty regarding the listing process and timeline.
SGX RegCo will maintain its focus on admitting quality issuers and ensuring the disclosure of relevant information to aid informed decision-making. Meanwhile, MAS will continue its role in market surveillance, enforcement, and investigating breaches of prospectus disclosure requirements under the Securities and Futures Act.
This move complements previous efforts to streamline the listing process and is accompanied by measures to enhance investor recourse avenues and support companies in unlocking shareholder value. SGX RegCo is also proposing changes to its listing rules to facilitate the consolidation.
MAS invites feedback from interested parties on the proposals, with comments to be submitted via the FormSG link by the deadline. This initiative marks a significant step towards enhancing the competitiveness and efficiency of Singapore’s equities market.
