Date: September 16, 2014
SIAS also welcomes the proposal to enhance the listing enforcement framework. The proposed widening of SGXﾒs enforcement powers to include compositions for breaches of listing rules by issuers, and enforcement powers over directors, issue managers, financial advisers and sponsors will go a long way to ensure greater responsibility and accountability. This move should give comfort to minority shareholders who are often in the bind when companies are subject to forced delisting putting their investments in jeopardy.
The proposed introduction of the Listing Disciplinary Committee and Listings Appeals Committee would ensure a fair and just review.
President & CEO
Securities Investors Association (Singapore)