But with a bigger stick, came along the responsibility to be equitable. For every severe enforcement action taken, a greater avenue for companies to make a defence and an appeal was required. Moreover, given that SGX is both a commercial for-profit entity and a stock market regulator, better controls and safeguards were needed to ensure that checks and balances were sufficiently robust.
While the Covid-19 pandemic rages, the regulator says it is focused on stepping up the pace of its process
SINGAPORE (March 27): In 2015, the Singapore Exchange (SGX:S68
) (SGX) made a fundamental change to the way it regulates the local stock market. The frontline regulator armed itself with more teeth to take greater enforcement action on errant companies. That had given SGX the power to impose penalties and fines of up to $1 million.
