Thursday November 5 2026
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Singapore
On 3rd November 2026, the Singapore Exchange (SGX) announced that Prospectus review functions for Mainboard and Global Listing Board (GLB) listing applications will be delegated by the Monetary Authority of Singapore (MAS) to Singapore Exchange Regulation (SGX RegCo), with changes to the Mainboard and GLB Rules taking effect 4 January 2027.
This arrangement follows a recommendation by the Equities Market Review Group (EMRG) to simplify the listing process. Previously, a prospective issuer had to engage SGX RegCo on its suitability to list and separately submit its prospectus to MAS for review.
Prospective issuers will now submit both the prospectus and listing application via SGX RegCo’s electronic submissions portal. This consolidated gateway serves as a central interface for reviews, document tracking and regulatory correspondence.
MAS will retain the power to determine and grant exemptions from prospectus disclosure requirements and will continue to oversee the regulatory responsibilities performed by SGX RegCo.
As recommended by the Equities Market Review Group (EMRG) , SGX RegCo has worked with MAS to ensure SGX RegCo is equipped and adequately resourced for its expanded responsibilities. The SGX RegCo Board composition framework will be expanded to broaden the range of qualified individuals who may be appointed as SGX RegCo directors, thereby incorporating a more diverse range of industry perspectives and insights at the Board level. Ensuring appropriate safeguards to maintain the independence of the SGX RegCo Board’s judgement will remain our priority.
In line with the intention to reduce regulatory touchpoints, SGX RegCo will also stand down the Listings Advisory Committee (LAC). The LAC was created to address concerns about SGX’s independence in the listing policymaking and review process at a time when SGX RegCo had not yet been established to undertake SGX’s regulatory functions independently from SGX’s commercial and operating activities.
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