Singapore Exchange to explain exemptions

Singapore -Singapore Exchange to explain exemptions The Singapore Exchange said it will soon explain to investors its decisions to allow listed companies certain exemptions under listing regulations, media reports said Thursday.

SGX will publish the exemptions or waivers given to listed companies every quarter, according to a report in The Straits Times today.

Though the companies must adhere to the listing rules, there are times when a waiver request is allowed to facilitate a transaction to the benefit of all shareholders.

"The identities of issuers that have been granted the waiver from a specific rule will also be disclosed, so that investors can cross-reference them to the issuers' announcement should they require more detailed information on the context of seeking the waiver and the relevant transactional information," the daily cited the SGX as saying.

The list of waivers granted will be published within two weeks of the end of each quarter on SGX's website, starting with the July to September quarter. (dpa)

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