MAS seeks feedback on rules to make it easier for firms to list on SGX

Companies seeking to list on the Singapore Exchange (SGX) may soon find the process more streamlined.

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The Monetary Authority of Singapore (MAS) has proposed to consolidate all listing review functions under the Singapore Exchange Regulation (SGX RegCo) so firms do not need to engage with more than one entity to list.

SGX RegCo is the regulatory arm of SGX.

The move comes at a time when the number of initial public offerings (IPOs) in Singapore has rebounded after dwindling for years.

It comes after SGX RegCo on Oct 29 announced new measures to make it easier for some companies to list, including lowering the profit test threshold for new listings from $30 million to $10 million.

This will enable pre-revenue companies with strong growth potential in emerging industries to go public on SGX.

All these are part of a set of recommendations made by the Equities Market Review Group, which was set up in August 2024 to revitalise the Singapore market.

The proposal aims to help Singapore adopt a regulatory approach that is pro-enterprise, alongside concurrent measures to strengthen investor confidence, MAS said.

Under the proposal, companies that want to list only need to engage with SGX RegCo.