Experts welcome move by SGX to ease reporting rules

It will lighten firms' cost burdens, yet won't adversely affect transparency

The Singapore Exchange's changes are supported by the Corporate Governance Advisory Committee, which noted semi-annual financial reporting remains mandatory and companies must adhere to the continuous disclosure regime. ST PHOTO: CHONG JUN LIANG
The Singapore Exchange's changes are supported by the Corporate Governance Advisory Committee, which noted semi-annual financial reporting remains mandatory and companies must adhere to the continuous disclosure regime. ST PHOTO: CHONG JUN LIANG

Experts from across the financial and corporate sectors welcomed the Singapore Exchange's sweeping changes to its rules on quarterly reporting.

They believe the move announced yesterday by the regulatory arm of the Singapore Exchange (SGX) will not adversely affect transparency but will relieve firms of significant cost burdens.

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A version of this article appeared in the print edition of The Straits Times on January 10, 2020, with the headline 'Experts welcome move by SGX to ease reporting rules'. Subscribe