Singapore to speed up cross-listing of foreign ETFs with 3-month approval target

[SINGAPORE] Singapore is moving to significantly cut the time it takes for asset managers to cross-list foreign exchange-traded funds (ETFs) on the Singapore Exchange (SGX), as it seeks to broaden investment choices and attract more issuers.

SGX has been working with the industry on a “new streamlined approach” that will reduce regulatory friction and allow qualifying products to come to market within three months, a spokesperson for the bourse said in response to queries from The Business Times.

Over time, this will result in a wider range of exchange-listed products available to investors in Singapore, the spokesperson added.