MAS, SGX propose tougher rules for stocks trading
The Monetary Authority of Singapore and Singapore Exchange have proposed that punters with open positions be made to put up collateral in an effort to ensure more orderly trading of stocks listed on the SGX.
The proposal is one of several measures put up by the MAS and SGX in a consultation paper to promote orderly trading and responsible investing in Singapore-listed stocks.
Interested parties have until May 2nd to submit their views and comments.
MAS and SGX said in a joint statement that other proposals include setting a minimum price for stocks listed on the main board to reduce volatility.
As well as a requirement that trading curbs implemented by stockbroking firms be announced through the SGX website.
The SGX announced today that several new rules that would take effect from March 3rd.
These include publication by the bourse operator of a "trade with caution" announcement whenever a company is unable to explain unusual trading activities.
The company's board of directors will also be required to approve a reply to a public query by SGX.
MORE 938LIVE SINGAPORE NEWS
Latest Photo Galleries on xinmsn
Divers retrieve the first bodies from inside the submerged South Korean ferry that capsized four days ago with hundreds of children on board... More Divers retrieve the first bodies from inside the submerged South Korean ferry that capsized four days ago with hundreds of children on board, as families angered by the pace and focus of rescue efforts scuffle with police. Duration: 02:04
Date 5 mins ago, Duration 2:04, Views 0