On 21 February 2025, the Monetary Authority of Singapore (“MAS“) shared the first set of measures proposed by the Equities Market Review Group to enhance the competitiveness of Singapore’s equities market. These measures build on the existing and earlier measures previously introduced, which target various structural challenges such as low liquidity, declining numbers of initial public offerings and limited investor participation in the Singapore public equity market, and are formulated after months of consultation with industry stakeholders. This first set of measures encompasses the pillars of demand and supply, complemented with regulatory initiatives. This includes:
- Demand: Measures to boost investor interest and liquidity;
- Supply: Measures to enhance the appeal to quality listings; and
- Regulatory Measures: Transition towards a more disclosure-based listing regime and bolster investor confidence. The Singapore Exchange Regulation and MAS will issue consultation papers on the relevant regulatory measures by mid-2025.
This Update provides an overview of the first set of measures. The second set of measures is expected to be completed by the end of 2025.
For more information, click here to read the full Legal Update.
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