Singapore proposes market reforms after penny-stock scandal


The Monetary Authority of Singapore (MAS) and Singapore Exchange Ltd (SGX) are consulting the market on a series of changes including minimum trading prices, new collateral rules, short-selling reporting, and new independent committees to vet listing applicants and impose regulatory sanctions.

"This consultation allows us to have a conversation with all stakeholders on how to make the market strong and more mature," said Lee Chuan Teck, assistant managing director for capital markets at the MAS.

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