The Monetary Authority of Singapore has launched a public consultation on proposals to consolidate listing review functions under Singapore Exchange Regulation (SGX RegCo) to streamline the SGX Mainboard listing process. The change is intended to give prospective issuers greater certainty on process and timelines by making SGX RegCo the single point of engagement. At present, issuers undergo two reviews: MAS reviews the prospectus for compliance with statutory disclosure requirements under the Securities and Futures Act 2001, while SGX RegCo assesses listing suitability under SGX’s listing rules. Under the proposed consolidation, SGX RegCo would continue to focus on admitting quality issuers and ensuring disclosure of relevant and material information, while MAS would continue working with SGX RegCo on market surveillance and enforcement and would investigate and take action against breaches of prospectus disclosure requirements. Comments on MAS’ consultation are due by 29 November 2025. In parallel, SGX RegCo is consulting on changes to SGX’s listing rules to operationalise the consolidation.
Monetary Authority of Singapore 2025-10-29
Monetary Authority of Singapore consults on consolidating SGX Mainboard listing reviews under SGX RegCo
The Monetary Authority of Singapore is consulting on proposals to consolidate listing review functions under Singapore Exchange Regulation (SGX RegCo) to streamline the SGX Mainboard listing process. This aims to provide issuers with greater certainty on process and timelines by making SGX RegCo the single point of engagement. SGX RegCo will focus on admitting quality issuers and ensuring disclosure, while MAS will continue its role in market surveillance.