SINGAPORE (Nov 26): A total of 95 Singapore-listed companies with high corporate governance standards and good compliance track records have been place on the SGX Fast Track list, Singapore Exchange Regulation (SGX RegCo) announced Tuesday.
This allows these companies to enjoy prioritised response on selected corporate action submissions, including circulars, requests for waiver and applications for share issuance.
Selection for entry into the SGX Fast Track list is based on internal and external criteria focused on corporate governance standards, compliance track record and the quality of the company’s submissions.
The market regulator says that, in general, qualified companies will stay in the Fast Track programme for two years.
SGX RegCo will continuously assess companies to be included or dropped from the programme, and reserves the right to make changes to the list of issuers.
“Companies have shown keen interest to be part of the SGX Fast Track programme, which tells us that the carrot approach to market regulation can work and benefit both investors and companies,” says Tan Boon Gin, CEO of SGX RegCo.
“We are reviewing companies’ sustainability reports and our SGX Fast Track evaluation will in future include these findings. Companies’ engagements with other market stakeholders, such as the Securities Investors Association (Singapore), will also feature in our assessment,” he adds.
