, Singapore

SGX RegCo, Nasdaq inks deal for an enhanced framework on secondary listings

This allows the required SGX listing files to be based on information contained in the US listing.

Singapore Exchange Regulation (SGX RegCo) and Nasdaq have extended their partnership to facilitate the regulatory exchange of information on issuers which are dual listed on both exchanges, including a streamlined framework for issuers seeking a secondary listing on SGX, an announcement revealed.

This is said to build on an existing collaboration to help companies access capital markets funding in both jurisdictions.

The framework allows secondary listing documents required for the SGX listing to be based on information contained in the US listing and subsequent filing documents to the US Securities and Exchange Commission and/or Nasdaq, together with additional disclosure in compliance with Singapore prospectus disclosure requirements.

The regulatory cooperation will further enable the monitoring and assessment of issuers, and the enforcement of regulatory actions, including referrals of cases to the authorities of the respective jurisdictions. 

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