Monetary Authority of Singapore Reviews Equities Market
The Monetary Authority of Singapore (MAS) group is undertaking a review of the equities market, targeting to complete its report by August this year.
Phased Recommendations
The review group may provide updates and recommendations in phases along the way, said Deputy Prime Minister Gan Kim Yong on Wednesday (Jan 8), in a written reply to a parliamentary question.
Timeline and Implementation
Gan, who is also minister for Trade and Industry, was responding to Workers’ Party MP Louis Chua, who asked about the projected timeline for the review group to provide its phased recommendations to the government, the projected review timeline, and the expected implementation date for these recommendations.
Review Group Composition
The panel was set up in August last year to recommend measures to aid in the development of equities in Singapore.
It is chaired by Second Minister for Finance Chee Hong Tat, and includes private-sector stakeholders and public-sector representatives.
Workstreams
The review group is supported by two workstreams. The enterprise and markets workstream is focusing on ways to encourage listings, increase investor participation, improve trading liquidity and facilitate fair valuations for listed equities.
The regulatory workstream is looking into streamlining Singapore’s regulatory framework, improving the listing process and enhancing the effectiveness of the current disclosure-based regime. It also aims to strengthen corporate governance standards, investor access and recourse.
Objectives
At the recent 25th anniversary ceremony of the Singapore Exchange Group, Gan disclosed that the review group was looking into ways to make optimum use of seed capital to attract more commercial capital.
He also noted that the group was working to position Singapore’s equities market as an attractive listing venue for high-quality, mid-cap growth companies typically overlooked by larger exchanges.
Conclusion
The review of the equities market by the Monetary Authority of Singapore group aims to develop the market and make it more attractive to investors. The report is expected to be completed by August this year, with phased recommendations and updates provided along the way.
FAQs
Q: What is the target completion date for the review report?
A: The review report is expected to be completed by August this year.
Q: Will the review group provide updates and recommendations in phases?
A: Yes, the review group may provide updates and recommendations in phases along the way.
Q: Who is chairing the review group?
A: The review group is chaired by Second Minister for Finance Chee Hong Tat.
Q: What are the two workstreams of the review group?
A: The two workstreams are the enterprise and markets workstream and the regulatory workstream.
Q: What are the objectives of the review group?
A: The objectives of the review group include making optimum use of seed capital to attract more commercial capital and positioning Singapore’s equities market as an attractive listing venue for high-quality, mid-cap growth companies.
