MAS moves to align SGX rules for overseas dual listings

The Monetary Authority of Singapore (MAS) is aligning its securities laws with overseas jurisdictions to facilitate dual listings on the Singapore Exchange (SGX) under the new Global Listing Board (GLB) framework with Nasdaq. This will allow firms to use a single prospectus for SGX-Nasdaq listings, reducing compliance costs. The amendments will also align Singapore's prospectus disclosure and listing timelines with US requirements, while maintaining enforcement powers and investor protections. MAS will coordinate with foreign regulators on cross-border misconduct cases, ensuring investors can seek recourse under the Securities and Futures Act (SFA).