Sias seeks government funds for operations; quashes concerns watchdog is not independent

Former president Tony Tan Keng Yam noted at the Securities Investors Association (Singapore)'s 20th anniversary celebrations that "finance has been a constant struggle" for the watchdog over the past 20 years, and that it is crucial a sustainable funding model is found. PHOTO: SECURITIES INVESTORS' ASSOCIATION (SINGAPORE)
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The Securities Investors Association (Singapore) or Sias is seeking funding sources, potentially from government agencies, for its sustainability and to address concerns that the investor watchdog is not independent, Sias president David Gerald told The Straits Times on Wednesday (June 19).

Former president Tony Tan Keng Yam noted at Sias's 20th anniversary celebrations that "finance has been a constant struggle" for the watchdog over the past 20 years, and that it is crucial a sustainable funding model is found.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.