Sias seeks independent funding to be stronger investor champion

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 fun
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)

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 yesterday.

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

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A version of this article appeared in the print edition of The Straits Times on June 20, 2019, with the headline 'Sias seeks independent funding to be stronger investor champion'. Print Edition | Subscribe