SGX RegCo Issues Guidance Note and New Checklist for Change of Auditors

On 19 June 2024, the Singapore Exchange Regulation (“SGX RegCo“) issued the “Guidance Note on Change of Auditors” setting out its approach towards assessing an application by an issuer listed on SGX-ST (“issuer“) for a change of auditors (“Application“).

This Update highlights two key points covered under the Guidance Note, namely:

• the requirement that issuers must submit a Change of Auditors Checklist, together with the Application; and

• the minimum information that issuers must disclose in its circular issued to shareholders for them to consider when voting on a change of auditors.