Singapore to speed up cross-listing of foreign ETFs with 3-month approval target
This will lead to a wider range of exchange-listed products available to investors here: SGX
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[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.
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