Knowledge & Insights

Singapore Exchange Regulation has recently amended Practice Note 2.3 (Training for Directors with No Prior Experience) of the Singapore Exchange (SGX) Listing Rules (Mainboard) and Practice Note 4D (Training for Directors with No Prior Experience) of the SGX Listing Rules (Catalist) to introduce: (a) a new training provider for the prescribed training that a director who has no prior experience as a director of an issuer listed on the SGX (First-time Director) must undergo; and (b) additional training requirements for a First-time Director of a SGX-listed real estate investment trust (REIT) who has no prior experience as a director of a REIT manager. These changes took effect on 1 February 2024.

This update examines the changes to the training requirements for First-time Directors.

If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:

Valerie LIM
Partner – Corporate Governance & Compliance
d +65 6517 8674
e valerie.lim@wongpartnership.com
Click here to view Valerie’s CV.

Jayne LEE
Partner – Corporate Governance & Compliance
d +65 6416 8256
e jayne.lee@wongpartnership.com
Click here to view Jayne’s CV.

Vivien YUI
Partner – Corporate Governance & Compliance
d +65 6416 8009
e vivien.yui@wongpartnership.com
Click here to view Vivien’s CV.

Kevin HO
Co-Head – Corporate Governance & Compliance
d +65 6416 2555
e kevin.ho@wongpartnership.com
Click here to view Kevin’s CV.