BY early next year, companies that commit a series of related breaches in listing rules can be fined up to S$1 million, as part of a slew of rules linked to market discipline that were nailed into place yesterday by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Even as the regulators took aim at contra and speculative trading with new regulations due within the next two years, they will also improve retail investors access to securities, with the board lot size being reduced to 100 shares from 1,000 shares by the start of next year. This follows a consultation paper in February that proposed these regulatory tweaks, and that came in the wake of the penny-stock collapse last year.
Posted on: Mon, 04 Aug 2014 02:41:36 +0000
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