General Announcement::News Release: SGX named "Exchange of the Year 2019" by Regulation Asia for second straight year
Issuer & Securities
SINGAPORE EXCHANGE LIMITED
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Date &Time of Broadcast
Announcement Sub Title
News Release: SGX named "Exchange of the Year 2019" by Regulation Asia for second straight year
Submitted By (Co./ Ind. Name)
Senior Associate, Marketing & Communications
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Singapore Exchange (SGX) has been named "Exchange of the Year" in the Regulation Asia Awards for Excellence for the second consecutive year.
The award recognises SGX for its targeted approach to market regulation, and for demonstrating a commitment to moving to a 'community' approach. The judging panel noted SGX's willingness to work with the industry to raise standards across the board, including its collaboration with the Association of Banks in Singapore to raise IPO due diligence standards, its partnerships with property and business valuation experts to raise standards for valuing companies' assets, and its initiatives with members of the market community to deter market misconduct.
"We are delighted to be recognised for our collaboration with market participants on various fronts including our Surveillance Handbooks and Dashboard to address trading misconduct. We have also adopted a much more precise and targeted regulatory approach including using Notices of Compliance and Trading Restrictions to tackle matters of key concern to the market as early as possible. We will continue learning and working with stakeholders so as to address regulatory issues upstream and to try to counter any wrongdoers," Tan Boon Gin, CEO of SGX RegCo, said.
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