Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 16 March 2012, 18:30 HKT/SGT
Share:
    

Source: Singapore Exchange (SGX)
MAS and SGX join Malaysia and Thailand to expedite review process for Secondary Listings within ASEAN

SINGAPORE, Mar 16, 2012 - (ACN Newswire) - The Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) today jointly signed a Memorandum of Understanding (MOU) on the Expedited Review Framework for Secondary Listings.

The Expedited Review Framework is an initiative under the ACMF Implementation Plan endorsed by the ASEAN Finance Ministers in 2009. The objective of the Framework is to speed up the processing of secondary listing applications together with the relevant disclosure documents. This Framework is available to corporations which are incorporated and whose shares are primarily listed on the main market of an exchange in jurisdictions which are signatories to the MOU. Where corporations satisfy the requirements set out in the Framework, signatories to the MOU will review these applications within a shortened time period of 35 business days compared to the normal review time of up to 16 weeks.

Malaysia, Singapore and Thailand are the first three jurisdictions to sign the MOU. Other securities regulators and stock exchanges of ASEAN jurisdictions may join the Framework by signing the Memorandum of Understanding on Expedited Review Framework for Secondary Listings as and when they are able to satisfy the requirements of the Framework.

Mr Lee Chuan Teck, Assistant Managing Director (Capital Markets Group), MAS, said "The signing of the MOU indicates the commitment of ASEAN jurisdictions to work towards integrating our capital market. We hope that the Expedited Review Framework will encourage more listed companies to seek cross-listings in the region to broaden their investor base. With more cross-listings, investors in the region will have easier access to a broader choice of investments."

"SGX is pleased to join MAS, regional regulators and our exchange partners in signing the MOU. The Expedited Review Framework for Secondary Listings will shorten the time-to-market for secondary listings of companies. We expect this will allow listed companies to leverage on ASEAN's growth potential and that our customers will have access to a wider choice of investment opportunities," said SGX President Mr Gan Seow Ann.

More information on the ACMF Implementation Plan and the ASEAN Economic Community Blueprint 2015 can be found at http://www.theacmf.org/ACMF/webcontent.php?content_id=00014 and http://www.asean.org/5187-10.pdf.


About Singapore Exchange (SGX)

Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.

In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.

Contact:
MAS
Denise Gan
Deputy Director, Corporate Communications 
Direct: +65 6229 9425
Email: [email protected]

SGX
Loh Wei Ling
Vice President, Communications
Direct: +65 6236 8157
Email: [email protected]


Mar 16, 2012 18:30 HKT/SGT
Source: Singapore Exchange (SGX)

Topic: General Announcement
Sectors: Daily Finance
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Singapore Exchange (SGX)
Apr 18, 2019 15:00 HKT/SGT
SGX Bull Charge kicks off 2019 fundraising with Sasseur Asset Management as Premium Partner
Nov 23, 2018 21:20 HKT/SGT
EMC Launches Electricity Procurement Portal for Singapore Businesses
Oct 25, 2016 16:30 HKT/SGT
Medical Services Group HC Surgical Specialists Launches Initial Public Offer at S$0.27 Per Share
Oct 5, 2016 18:30 HKT/SGT
Six SGX-Listed SMEs Present at 'Discovering Value in SGX Small Caps' Investment Seminar
May 28, 2015 18:00 HKT/SGT
More Search Firms Partnering Singapore's Diversity Action Committee in Pro-Diversity Effort
May 22, 2015 19:00 HKT/SGT
Singapore Exchange (SGX) and Zhengzhou Commodity Exchange (ZCE) Seal Collaboration with MOU
Apr 22, 2015 18:00 HKT/SGT
Singapore Exchange (SGX) sees another Quarter of Growth with Net Profit of $88 million
Apr 17, 2015 12:30 HKT/SGT
Bank of China, BOC International Holdings and SGX Expand Collaboration on Renminbi and Market Developments
Mar 3, 2015 13:00 HKT/SGT
MAS and SGX Facilitating Cross-Border Capital Raising in ASEAN
Jan 21, 2015 17:40 HKT/SGT
SGX 2Q Net Profit at $87 Million
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: