After moving to a disclosure-based regime, mandatory quarterly reporting (QR) was introduced here in 2003. Opinions have been divided as to its usefulness, which means regulators have had to constantly grapple with clamour from some quarters to scrap the practice, while at the same time answering the countervailing demands of others who want QR retained.
The practice has been reviewed and revised over the past 14 years, and the Singapore Exchange (SGX) is currently calling for feedback on its latest consultation paper on the subject, which includes proposals to allow minority shareholders to vote on either retaining or scrapping QR and to raise the reporting bar to companies above a market capitalisation of $150 million from the current $75 million.
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