On 29 October 2025, Singapore Exchange Regulation (SGX RegCo) announced that, effective immediately, it has implemented a suite of new measures recommended by the Equities Market Review Group, thereby advancing Singapore towards a more disclosure-based listing regime aligned with major developed markets. This announcement comes after the consultation paper (Consultation Paper) issued by SGX RegCo on 15 May 2025 seeking feedback from the public on its proposed changes to the SGX Listing Rules for Mainboard listings in a shift towards a more disclosure-based listing regime. We summarised the proposed changes in the Consultation Paper in an earlier article.
With the implementation of the new measures, SGX RegCo is adopting a less prescriptive, more disclosure-based and market-driven approach that focuses on decision-useful information for investors, while preserving key safeguards that uphold market quality and investor trust.
In this update, our Head of Equity Capital Markets Gail Ong as well as Partners Karen Yeoh and James Choo, summarise the new key measures implemented by SGX RegCo.
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:
Gail ONG
Head – Equity Capital Markets
d +65 6416 8205
e gail.ong@wongpartnership.com
Click here to view Gail's CV.
Karen YEOH
Partner – Equity Capital Markets
d +65 6416 2482
e karen.yeoh@wongpartnership.com
Click here to view Karen's CV.
James CHOO
Partner – Equity Capital Markets
d +65 6416 2418
e james.choo@wongpartnership.com
Click here to view James' CV.