Singapore Exchange scraps compulsory quarterly reporting for companies [Reuters]
SINGAPORE EXCH UNSP/ADR (SPXCY)
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investorrelations.sgx.com
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Source: Reuters
Singapore Exchange scraps compulsory quarterly reporting for companies SINGAPORE, Jan 9 (Reuters) - Companies listed on Singapore Exchange will no longer be required to file quarterly reports, in line with practices in global markets including Hong Kong, the United Kingdom and the European Union, the bourse’s regulatory unit said. “Singapore Exchange Regulation (SGX RegCo) will apply quarterly reporting requirements only for companies associated with higher risks while strengthening continuous disclosure requirements on all listed companies,” SGX RegCo said in a statement on Thursday. Under the new changes that come into effect from Feb 7, SGX RegCo will require companies to report quarterly results if it has regulatory concerns with them or where there are other issues. It will also mandate more disclosures from companies. SGX, a global listing hub for business trusts and real estate investment trusts, has taken several measures in recent years to shore up market liquidity, improve q
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