SGX to transfer regulatory functions to separate subsidiary

Volumes have fallen even further since last year after a crash penny stocks - the bourse's most actively traded shares. - AFP

SINGAPORE: Singapore Exchange Ltd (SGX), which has come under criticism after a string of trading disruptions, announced plans to transfer its front-line regulatory functions to a separate subsidiary that will be governed by its own board of directors.

“The move aims to further enhance the governance of SGX as a self-regulatory organisation (SRO) by making more explicit the segregation of its regulatory functions from its commercial and operating activities,” SGX said in a statement.