SINGAPORE, Aug 1 (Reuters): Singapore will implement wide-scale reforms to its equity market rules following a penny-stock scandal last year, its central bank and stock exchange announced on Friday.
After a three-month public consultation process that ended on May 2, the Monetary Authority of Singapore (MAS) and Singapore Exchange Ltd (SGX) agreed on a number of changes including minimum trading prices, new collateral rules, short-selling reporting, and new independent committees to examine listing applicants and impose regulatory sanctions.
From March 2015, Singapore will have a minimum trading price of S$0.20 ($0.16) for main board-listed issuers and a transition period of 12 months.
Singapore to launch market reforms, sets minimum trading price
FE Team | Published: August 02, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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