Twitter Logo Youtube Circle Icon LinkedIn Icon

Publishing firms

Legal Developments worldwide

SGX SEEKS PUBLIC COMMENTS ON PROPOSED PENALTY FRAMEWORK FOR NON-DELIVERY OF SECURITIES

April 2009 - Finance. Legal Developments by Loo & Partners.

More articles by this firm.

Singapore Exchange (“SGX”) has issued a consultation paper seeking public feedback on the proposed permanent penalty framework for non-delivery of securities. For readers who are keen to read more on the proposed framework, the same may be accessed from SGX’s website at www.sgx.com.sg. This is preceded by the implementations of SGX on 22 September 2008 to prevent settlement failures of securities and abusive naked short-selling. Short-selling is the sale of securities or commodity futures not owned by the seller (who hopes to buy them back later at a lower price).

Read more...

For more information please visit www.loopartners.com.sg/