ASEAN markets to speed up secondary listings process

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The Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) today jointly signed a Memorandum of Understanding (MOU) to speed up the process for secondary listing applications. Malaysia and Thailand are also signatories.

The Expedited Review Framework for Secondary Listings initiative is available to corporations which are incorporated and whose shares are primarily listed on the main market of an exchange in jurisdictions which are signatories to the MOU. Where corporations satisfy the requirements set out in the Framework, signatories to the MOU will review these applications within a shortened time period of 35 business days compared to the normal review time of up to 16 weeks.   Malaysia, Singapore and Thailand are the first three jurisdictions to sign the MOU. Other securities regulators and stoc...

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