Now or never

SGX’s corporate governance challenge is RegCo’s opportunity

Singapore's exchange SGX instituted the independent regulator RegCo to minimise conflict of interest. But while RegCo has been issuing queries and compliance notices, small and micro-cap companies often fly under the radar

Benjamin Cher, 30 Jul 2020

Singapore’s public market is unlike others: the Singapore Exchange (SGX) is self-regulated, with oversight from the Monetary Authority of Singapore

SGX spun out a Regulation Company, or RegCo, in 2017 as an independent entity to regulate the exchange and pull up companies that don’t comply

The Singapore Governance and Transparency Index has improved to 59.3 in 2019. But stakeholders are still reeling from companies being secretive

Now is the time for SGX to get its house in order, especially with an uncertain market post pandemic

Case 1. Biotech company Biolidics received a from Singapore Exchange (SGX) about certain noises it was making. Between 30 March and 6 April 2020, Biolidics publicised its solution to Covid—its rapid test kit, and how it was approved for use in , the and the . The well-timed announcements caused its share price to rise…

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AUTHOR

Benjamin Cher

Based in Singapore, Ben covers news and stories from the hub of Southeast Asia. He covers the intersection of technology and business, and how it affects Singapore and Southeast Asia. Ben was previously a reporter at The Edge Singapore.

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