The Singapore Exchange (SGX) has consistently maintained a robust regulatory framework, adopting rigorous market surveillance and enforcement to sustain an enduring marketplace.

Intervention with a heavy hand does not add to effective regulation.

The disclosure-based regime, introduced by the Securities and Futures Act 2001, promulgates accurate and timely disclosure of material information, enabling investors to make informed investment decisions. This approach encourages a more innovative and vibrant market while requiring market discipline of participants.

In market surveillance, the very act of querying listed companies cautions the market about unusual movements in share price or trading volume. The investing public is alerted to trade prudently.

Mr Goh also suggests that SGX may be giving priority to its commercial objectives. We would like to reiterate that adherence to exacting regulatory standards fosters greater investor confidence, which in turn supports the commercial objectives of SGX. As a frontline regulator, we maintain our role in providing a fair, orderly and transparent marketplace.

Yeo Lian Sim (Ms)
Senior Executive Vice-President
Head, Risk Management and Regulation Group
Singapore Exchange Limited