Monday May 4 2026
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Singapore
On 30th April 2026, the Monetary Authority of Singapore (MAS) issued its response to the public consultation on proposed amendments to the Securities and Futures Act 2001 (SFA) to facilitate dual listing arrangements on the Singapore Exchange (SGX). The proposed regulatory framework supports the implementation of the Global Listing Board (GLB), a partnership by the Singapore Exchange SGX and Nasdaq, and facilitates future similar collaborations.
Respondents to the consultation and market participants expressed strong support for the objective of minimising friction and streamlining the initial public offering (IPO) journey for dual listings. Respondents further suggested additional ways to harmonise regulatory requirements, primarily in the areas of investor outreach efforts, prospectus registration timing and process, and facilitating post-listing activities in Singapore. Where feasible, Monetary Authority of Singapore (MAS) has taken in these suggestions.
Under a set of harmonised rules and processes, Global Listing Board (GLB) issuers may prepare a single set of offering documents to simultaneously list on both Singapore Exchange (SGX) and Nasdaq. They will also be allowed to conduct pre-marketing outreach with accredited and institutional investors in Singapore prior to the lodgement of the preliminary prospectus. Early engagement of these investors will allow Global Listing Board (GLB) issuers to gauge market interest of a potential listing at an earlier stage in the IPO process, subject to safeguards.
The proposed regulatory framework will also permit safe harbours for Global Listing Board (GLB) issuers that facilitate the publishing of forward-looking statements, the undertaking of share repurchases and the execution of pre-determined trades. It will enable the safe harbours to be used as a defence to specified market misconduct provisions under the SFA for trading activities in both markets.
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