The Equities Market Review Group held its inaugural meeting on 19 August, chaired by Mr Chee Hong Tat, Minister for Transport, Second Minister for Finance and Deputy Chairman of the Monetary Authority of Singapore. The meeting discussed key challenges and opportunities facing Singapore’s equities market, and set out its strategic direction for the review.
2 At the meeting, the Review Group identified the following priority areas for the two workstreams:
a. The Enterprise and Markets workstream will focus on ideas to encourage listings, increase investor participation, improve trading liquidity and facilitate fair valuation for listed equities.
b. The Regulatory workstream will study ideas to streamline the regulatory framework, improve the listing process, enhance the effectiveness of our disclosure-based regime, and strengthen corporate governance standards, investor access and recourse.
3 The Review Group also announced the members of the two workstreams, which comprise a cross-section of capital market practitioners, investor advocacy groups, industry associations, and academia (please see Annex A for the full list of members).
4 The Review Group and its two workstreams will provide periodic updates on their considerations and recommendations. They will engage stakeholders in the coming months through industry roundtables and focus group discussions to gather feedback and ideas, and assess the actions required from Government agencies and industry partners to enhance Singapore’s equities market. While the review will take up to 12 months, the Review Group and workstreams aim to announce their recommendations in phases, so that the proposed measures can be implemented as soon as possible.
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