Date Issued: 13 October 2006
Date Closed: 27 October 2006
Status: Consultation Closed
SGX Issues Consultation Paper on Amendments to the SGX-ST Rules in Relation to Restrictions on the Trading of Global Depository Receipts Singapore Exchange Ltd (“SGX”) is inviting public comments on its proposed consequential amendment to SGX-ST Rule 3.1.3(3) to provide the Singapore Exchange Securities Trading Limited (“SGX-ST”) with powers to impose certain conditions and restrictions on the trading of securities, such as those imposed on the trading of Global Depository Receipts (“GDRs”) under Rule 252(2) of the SGX-ST Listing Manual.
The attached consultation paper sets out the proposed SGX-ST Rule 3.1.3(3). We invite comments from market participants and the public on this Rule.
In its proposal, SGX recommends adopting a measured approach by making reasonable adjustments to the current minimum bids schedule, assessing the impacts of the revisions and implementing more adjustments to the minimum bid sizes, where necessary.
Market participants and members of the public can forward their feedback and suggestions on the proposed changes from today to 27 October 2006 via email and either by post/courier or by fax:
| Email: | rules@sgx.com |
| AND |  |
| Post/Courier: | Singapore Exchange Limited
2 Shenton Way, SGX Centre 1, #19-00
Singapore 068804 |
| Attn: | Ms Leong Kwai Chun
AVP, Member Supervision
Risk Management & Regulation Group |
| Fax: | (65) 6538-8273 |
| SGX Consultation Paper - 13 October 2006 |
| Title | (In PDF) |
| Consultation on Proposed Amendments to SGX-ST Rules in Relation to Restrictions on the Trading of Global Depository Receipts |  |
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