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Legal Update: SGX RegCo Proposes Shifts in the Listing Regime

Jun 20, 2025

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.

For further information contact:

Claudia Teo

Partner & Head, Corporate and Financial Services Regulation

claudiateo@harryelias.com

+65 6361 9845

Huang Zhihao

Partner, Corporate and Financial Services Regulation

zhihaohuang@harryelias.com

+65 6361 9869

Kennedy Chen

Partner, Corporate and Financial Services Regulation

kennedychen@harryelias.com

+65 6361 9846

Eugene Tai

Associate, Corporate and Financial Services Regulation

eugenetai@harryelias.com

+65 6361 9304

For more information, please contact
our Business Development Director, Ricky
Soetikno, at rickysoetikno@harryelias.com.