SGX is tweaking its disclosure-based regime to enhance transparency
Singapore has operated a disclosure-based regime modeled after the Western framework for well over a decade. However, the country’s markets and legal system are quite different from those of the United States, where the disclosure-based regime originated.
So the Singapore Exchange SGX, as the front-line regulator of listed companies, brokers and securities trading, has made some adjustments to ensure the disclosure-based regime works.
For example, private enforcement is easier in...