SGX to Transfer Regulation Function to Separate Subsidiary
Posted: Sun Jul 17, 2016 7:26 am
Singapore Exchange (SGX) has announced that it will set up a separate subsidiary company, known as RegCo, to perform all the front-line regulatory functions it currently undertakes.
According to a statement issued today, the move aims to further enhance the governance of SGX as a self-regulatory organisation (SRO) by making the segregation of its regulatory functions relating to its commercial and operating activities more definitive.
This will further enhance the robustness of our SRO framework.
As a result, the chairman of the new subsidiary company and a majority of its directors will be independent of SGX and its subsidiaries, including SGX Securities Trading ... (read more)