General Announcement::SGX seeks feedback on proposed amendments to align Listing Rules with Companies Act

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
11-Jan-2016 18:15:34
Status
New
Announcement Sub Title
SGX seeks feedback on proposed amendments to align Listing Rules with Companies Act
Announcement Reference
SG160111OTHRBZY7
Submitted By (Co./ Ind. Name)
Ying Wang
Designation
Senior Associate
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is consulting the public on proposed Mainboard and Catalist Listing Rules changes including the electronic transmission of notices and documents to shareholders. The proposals are to align the Rules with the amended Companies Act passed in October 2014.

SGX is also seeking feedback on policy positions highlighted by other recent statutory changes.

On the transmission of electronic notices and documents such as circulars and annual reports, SGX seeks feedback on:
1. Whether there are concerns if companies are allowed to electronically transmit these materials to shareholders with their implied consent. Implied consent means the company s articles of association provide for electronic communication and shareholders will not have the option to receive physical copies of materials; and
2. Whether companies should be allowed to do so when consent from shareholders is expressly, or deemed to have been, obtained.

In addition to the above, SGX also seeks views and comments on:
Safeguards for Electronic Transmission of Notices and Documents
Insurance coverage and indemnities for Directors
Restraint on Exercise of Voting Rights
Treatment of Shares held by a Subsidiary in its Holding Company

SGX invites comments on its Consultation Paper until 12 February 2016. The Consultation Paper is available on SGX s Consultation and Publications webpage. Responses can be sent to:

Email listingrules@sgx.com


Mail Singapore Exchange Limited
11 North Buona Vista Drive
#06-07, The Metropolis Tower 2
Singapore 138589
(Attention: Listing Policy & Product Admission)


-End-

Attachments

20151029_SGX_seeks_feedback_on_proposed_amendments_to_align_Listing_Rules_with_Companies_Act.pdf
Total size =369K