On 15 May 2025, Singapore Exchange Regulation ("SGX RegCo") published a consultation paper proposing reforms to the SGX Mainboard Listing Rules, aimed at transitioning to a more disclosure-based regime.
Key proposals include replacing certain prescriptive requirements with disclosure obligations, revising the quantitative admission criteria, removing the Financial Watch-list, and recalibrating SGX RegCo's approach to post-listing regulation.
In this legal update, we summarise the key changes and their potential implications for issuers and market participants.
Please click on the attachment for more details.