The two sides have signed a memorandum of understanding that builds on their existing partnership to help companies access capital markets funding in both jurisdictions.
Singapore Exchange Regulation (SGX RegCo) and New York bourse Nasdaq have entered into a cooperation agreement to enhance the oversight of dual listed issuers and streamline the relevant processes between both exchanges.
The regulatory cooperation will further enable the monitoring and assessment of issuers, and the enforcement of regulatory actions, including referrals of cases to the authorities of the respective jurisdictions, SGX said in an announcement on Tuesday said.
«Investors with interests in companies that have a profile in both markets will benefit from this regulatory cooperation,» Tan Boon Gin, CEO of SGX RegCo, said in the announcement.
Streamlined Framework
The new framework allows secondary listing documents required for the SGX listing to be based on information contained in the U.S. listing and subsequent filing documents to the U.S. Securities and Exchange Commission and/or Nasdaq, together with additional disclosure in compliance with Singapore prospectus disclosure requirement.
SGX and Nasdaq established a collaborative listings agreement in 2017, which helps SGX-listed companies who are looking to extend their reach in the capital markets and raise their profile in the United States.
