The Singapore Exchange’s regulatory arm may order an independent review if there are areas of concern, said Tharman, who also serves as minister in charge of the Monetary Authority of Singapore. The financial regulator and the white-collar police will also investigate if there are grounds to suspect there’s market misconduct.
Singapore will closely examine short-seller reports and the companies’ response if there are cases similar to the explosive allegations made against the Adani Group, Senior Minister Tharman Shanmugaratnam said.
“Transparency, in the form of accurate, clear, and timely communication is the best defence for a listed company that is the subject of a short-seller report,” Tharman said in a written reply to a lawmaker’s question on protection for Singapore companies against short sellers.
