03 Apr '17, 10pm

Singapore Exchange Amends Listing Rules Following Changes to the Companies Act

The Singapore Exchange has introduced amendments to the Mainboard and Catalist listing rules—including in relation to the electronic transmission of documents to shareholders, exemptions for insurance coverage and indemnities for directors as interested person transactions, disclosure of court restraints on the exercise of voting rights, and treatment of shares held by a subsidiary in an issuer. Following the passage of the Companies (Amendment) Bill 2014 by the Singapore Parliament in October 2014, legislative changes to the Singapore Companies Act were effected in two phases on 1 July 2015 and 3 January 2016. On 11 January 2016, the Singapore Exchange (SGX) introduced a consultation paper proposing amendments to the Mainboard and Catalist listing rules (Listing Rules) for alignment with the amendments to the Companies Act. On 22 March 2017, the SGX revealed the amendment...

Full article: http://www.jdsupra.com/legalnews/singapore-exchange-amend...

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