{"id":4789,"date":"2021-10-23T04:09:07","date_gmt":"2021-10-23T04:09:07","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.saccapital.com.sg\/?p=4789"},"modified":"2021-12-01T07:56:21","modified_gmt":"2021-12-01T07:56:21","slug":"october-2020-announcements-guidance-published-by-sgx-regco","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.saccapital.com.sg\/october-2020-announcements-guidance-published-by-sgx-regco\/","title":{"rendered":"OCTOBER 2020 – ANNOUNCEMENTS\/GUIDANCE PUBLISHED BY SGX REGCO"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\tOn 1 October 2020, the Accounting and Corporate Regulatory Authority (\u201cACRA\u201d), the Monetary Authority of Singapore (\u201cMAS\u201d) and Singapore Exchange Regulation (\u201cSGX RegCo\u201d) have updated a checklist that guides both listed and non-listed entities on the conduct of general meetings. ACRA, MAS and SGX RegCo said issuers and non-listed companies may continue to conduct their general meetings held on or before 30 June 2021 via electronic means and are encouraged to do so. This will help keep physical interactions and COVID-19 transmission risks to a minimum.\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\nIssuers are encouraged to adopt enhanced digital tools such as real-time remote electronic voting and real-time electronic communication to facilitate shareholder engagement at the meetings.\n\nWe have provided a table below for the regulatory updates from SGX RegCo till date. The relevant guidance that are still applicable is appended below the table. (Updated as of 1 October 2020)\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Description<\/span><\/span><\/th>Date<\/span><\/span><\/th>Remarks<\/span><\/span><\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t
Guidance on the Conduct of General Meetings Amid Evolving COVID-19 Situation<\/span><\/span><\/td>1 October 2020<\/span><\/span><\/td>Latest checklist guide to conduct general meetings via electronic means to 30 June 2021.Guideline for physical attendance<\/span><\/span><\/td><\/tr>
Electronic Dissemination of Rights Issue and Take-over Documents Extended to 30 June 2021<\/span><\/span><\/td>29 September 2020<\/span><\/span><\/td>Rights Issue and Take-over Documents Extended to 30 June 2021.<\/span><\/span><\/td><\/tr>
All SGX-listed issuers can hold general meetings by electronic means till 30 June 2021<\/span><\/span><\/td>7 September 2020<\/span><\/span><\/td>\tThe Ministry of Law (MinLaw) has announced an extension to 30 June 2021 of the duration of legislation that enables entities to hold meetings via electronic means.<\/span><\/span><\/td><\/tr>
Additional Guidance on the Conduct of General Meetings During Safe Management Period \u2013 13 April 2020 (Updated on 22 June 2020)<\/span><\/span><\/td>13 April 2020<\/span><\/span><\/td>Superseded by 1 Oct 2020 guidance.<\/span><\/span><\/td><\/tr>
Electronic Dissemination of Rights Issue and Take-over Documents Allowed Until 30 September 2020<\/span><\/span><\/td>6 May 2020<\/span><\/span><\/td>Superseded by 29 Sept 2020 guidance.<\/span><\/span><\/td><\/tr>
SGX RegCo grants auto-extension for release of unaudited financial results for FYs ended Feb, Mar and April 2020<\/span><\/span><\/td>22 April 2020<\/span><\/span><\/td>Superseded with extended deadline for 30 April 2020 YE (for unaudited financial results) has lapsed on 29 July 2020<\/span><\/span><\/td><\/tr>
SGX RegCo announces measures to support issuers amid challenging COVID-19 business climate<\/span><\/span><\/td>8 April 2020<\/span><\/span><\/td>Applicable to Mainboard\n1. Suspension of Entry into the Financial Watch-List on the first market days of June 2020 and December 2020\n2. Enhanced Share Issue Limit for Mainboard Issuersuntil 31 December 2021.<\/span><\/span><\/td><\/tr>
SGX RegCo grants automatic 60-day extension for issuers to hold AGMs<\/span><\/span><\/td>7 April 2020<\/span><\/span><\/td>Superseded with extended deadline for 31 March 2020 YE\u2019s AGM on 14 Sept 2020 has lapsed<\/span><\/span><\/td><\/tr>
ACRA, MAS and SGX RegCo update guidance on general meetings<\/span><\/span><\/td>31 March 2020<\/span><\/span><\/td>Superseded by 1 Oct 2020 guidance.<\/span><\/span><\/td><\/tr>
Guidance on safe distancing measures for issuers when conducting meetings<\/span><\/span><\/td>25 March 2020<\/span><\/span><\/td>Superseded by 1 Oct 2020 guidance.<\/span><\/span><\/td><\/tr>
SGX RegCo provides guidance on holding of general meetings amid COVID-19<\/span><\/span><\/td>19 March 2020<\/span><\/span><\/td>Superseded by 1 Oct 2020 guidance.<\/span><\/span><\/td><\/tr>
SGX RegCo gives additional two months to issuers to hold AGMs due to concerns about large-group meetings amid COVID-19<\/span><\/span><\/td>\t27 February 2020<\/span><\/span><\/td>Superseded<\/span><\/span><\/td><\/tr>
SGX RegCo gives issuers up to 30 June 2020 to hold AGMs to approve FY Dec 2019 results amid 2019-nCoV situation<\/span><\/span><\/td>7 February 2020<\/span><\/span><\/td>Superseded<\/span><\/span><\/td><\/tr>\t\t<\/tbody>\n\t\t\t\t\t<\/table>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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