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By Jonathan Breen 26 Jan 2021 The Singapore Exchange’s plan to get in on the rush to list special purpose acquisition companies (Spacs) is a bold move that could give it an edge over regional rivals. But there are plenty of obstacles — and its efforts may well be futile. The Singapore Exchange has long been ambitious about its growth, especially when pitted against the Hong Kong Stock Exchange, its bigger regional rival. Hong Kong, which is one of the biggest exchanges in the world by money raised, can boast a horde of high-profile technology listings in the past year. Singapore’s uniqu...

Singapore exchange tightens rules on auditors, property valuers to avoid accounting-related actions

By Reuters Staff 1 Min Read SINGAPORE, Jan 12 (Reuters) - Singapore Exchange’s regulatory unit will improve requirements on auditors and valuers in their dealings with listed companies, and standards on valuation reports, such as introducing a regulatory regime for conduct of auditors. In a statement released on Tuesday, Singapore Exchange Regulation (SGX RegCo) CEO Tan Boon Gin said the latest rule changes enhance the standards required of auditors and property valuers in their dealings with listed companies. The moves follow market criticism faced by SGX RegCo, the city-state’s frontlin...

Singapore Exchange Ltd. is tightening its regulation of auditors and property valuers who work with listed companies, in the wake of a series of accounting scandals in the city-state in recent years.