Singapore Exchange (SGX) has disposed of its investment in the ICBC CSOP FTSE Chinese Government Bond Index exchange-traded fund (ETF) for a total consideration of approximately $31 million.
The ETF is issued by CSOP Investments VCC.
According to the bourse filing dated Oct 10, SGX says it has no access to any sensitive information that the Singapore Exchange Regulation (SGX RegCo) receives in its regulatory capacity as the listing authority and regulator for the trading of the ETF.
“Existing policies and procedures are in place to deal with possible regulatory conflicts of interest, including the existence of Chinese walls and the escalation of any potential conflict to the independent SGX RegCo board,” says SGX in its statement. “This existing regulatory conflicts framework has applied through the investment period.”
Shares in SGX closed 12 cents lower or 1.27% down at $9.30 on Oct 10.
