Rulebooks: Contents

Mainboard Rules
Catalist Rules
Definitions and Interpretation
Chapter 1 Introduction
Chapter 2 Sponsors
Chapter 3 Disciplinary and Appeals Procedures, and Enforcement Powers of the Exchange
Chapter 4 Equity Securities
Chapter 5 Reserved
Chapter 6 Reserved
Chapter 7 Continuing Obligation
Chapter 8 Changes in Capital
Chapter 9 Interested Person Transactions
Chapter 10 Acquisitions and Realisations
Chapter 11 Takeovers
Chapter 12 Circulars, Annual Reports and Electronic Communications
Chapter 13 Trading Halt, Suspension and Delisting
Chapter 14 Transition Rules
Practice Notes
Code of Corporate Governance 2012
Code of Corporate Governance 2018
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

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  • Part VIII Conflicts of Interest

    • 417

      A listing applicant should resolve or eliminate conflict situations prior to listing. The Exchange may accept a proposal (submitted through the sponsor) to resolve or eliminate conflicts of interest within a reasonable period after listing. Conflicts of interest include situations in which interested persons (as defined in Rule 904(4)):

      (1) Carry on business transactions with the listing applicant or provide services to or receive services from the listing applicant or its group;
      (2) Lend to or borrow from the listing applicant or its group;
      (3) Lease property to or from the listing applicant or its group; or
      (4) Have an interest in businesses that are competitors, suppliers or customers of the listing applicant or its group.

    • 418

      In reviewing compliance with the Exchange's policy on conflicts of interest, the sponsor should take into account:

      (1) The parties involved in the conflict situation and their relationship to the listing applicant;
      (2) The significance of the conflict in relation to the size and operations of the listing applicant and in relation to its potential influence on the interested person;
      (3) Whether the parties who are involved in the conflict derive any special advantage from it; and
      (4) Whether the conflict can be terminated, and if so, how soon and on what basis; or, if the conflict cannot be promptly terminated, whether:
      (a) the arrangement is necessary and beneficial to the operations of the listing applicant;
      (b) the terms of the arrangement are the same or better than those that can be obtained from third parties;
      (c) the arrangement will be reviewed at regular intervals and approved by independent directors or shareholders;
      (d) the listing applicant has or will have adequate internal procedures to ensure that the terms of the arrangement are fair and reasonable; and
      (e) there is, or has been, adequate disclosure of the conflict, the parties to it, and the measures taken in respect of it in the offer document.