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SGX Rulebooks
Mainboard Rules
Definitions and Interpretation
Chapter 1 Introduction
Part I Scope of Chapter
101
102
Part II General Principles
103
104
Part III Application of Listing Rules
105
106
107
108
109
110
Part IV Issue Managers, Issuer's Directors and Issuer's Executive Officers
Issue Manager's Functions
111
Independence of Issue Managers
112A
Responsibilities of Issue Managers
112B
112 [Deleted]
113
Responsibilities of Issuer's Directors and Executive Officers
114
Part V Listing Fees and Other Charges
115
116
Part VI Liability of SGX-ST
117
Chapter 2 Equity Securities
Part I Scope of Chapter
201
Part II General Requirements
202
203
204
205
206
207
208
Continuing Listing Obligations
209
Part III SGX Mainboard Listings
210
211
Accounting and Auditing Standards
211A
Part IV Transfer from Catalist to SGX Mainboard
212
213
214
Part V Listing Requirements for Foreign Issuers
215
216
217
218
Share Transfer Facilities
219
220
Resident Director
221
Part VI Additional Listing Requirements for Property Investment/Development Companies
222 Property Investment/Development Companies
Part VII Conflicts of Interest
223
224
Part VIII Moratorium
225 Purpose of a Moratorium
Promoters
226
Moratorium Undertakings
227
228
Period of Moratorium
229
Dual Class Share Structure
229A
Part IX Methods of Offering
General
230
Placing or Offer for Subscription
231
Placement Tranche
232
Public Subscription Tranche
233
233A
Preferential Allotment of Reserved Securities
234
Introduction
235
236
237
238
Underwriting
239
Disclosure of Subscription
240
Issue Price
241
Offer Period
242
Part X Listing Procedures
243
Time Schedule
244
Contents of Application
245
246
247
Documents to be Submitted After Approval In-Principle and Before the Prospectus, Offering Memorandum or Introductory Document is Issued
248
Documents to be Submitted On or Before the Closing Date of the Offering, or Where Appropriate, as Soon as Practicable After Issue of the Prospectus, Offering Memorandum or Introductory Document
249
Documents to be Submitted Before Trading Commences
250
Part XI Global Depository Receipts
251
Requirements for an Issue of Global Depository Receipts
252
Continuing Listing Obligations
253
Fees
254 [Rule has been deleted.]
Treasury Shares
255 [Deleted]
Part XII Business Trust
256
Chapter 3 Debt Securities
Part I Scope of Chapter
301
302
Part II Listing Requirements for Local Debt Securities
303
Part III Listing Requirements for Foreign Debt Securities
304
Part IV General Requirements for Debt Securities
Paying Agent
305
Disclosure of Allocation Outcome
306
Adjustments
307
Trustee and Trust Deed
308
Medium Term Note Programme
309
Part V Listing Procedures for Debt Securities
310
Time Schedule
311
Content of Prospectus, Offering Memorandum or Introductory Document
312
313
Documents to be Submitted with the Prospectus, Offering Memorandum or Introductory Document
314
Documents to be Submitted After Approval In-Principle
315
Part VI Seasoning of Debt Securities
316
317
Issuer and Guarantor Eligibility Criteria
318
319
Issue Requirements
320
Re-taps for Seasoned Debt Securities
321
Disclosure Obligations
322
Part VII Continuing Listing Obligations
323
324
325
326
Chapter 4 Investment Funds
Part I Scope Of Chapter
401
402
403
Part II Listing Requirements for Investment Funds
404
Part III Listing Procedures for Investment Funds
405
Time Schedule
406
Contents of Application
407
408
Documents to be Submitted with the Application
409
Documents to be Submitted After Approval In-Principle
410
Part IV Continuing Listing Obligations
411
Part V Specialized Funds
Venture Capital Fund
412
Hedge Fund
413
414
Chapter 5 Structured Warrants
Part I Scope of Chapter
501
Part II Requirements for an Issuer of Structured Warrants
502
503
Part III Requirements Relating to the Underlying Securities
504
505
506
507
Part IV Other Requirements
508
Part V Disclosure Requirements
509
510
511
512
513
514
Part VI Structured Warrant Programs
515
516
517
Part VII Listing Application
518
Part VIII [Deleted]
519 [Rule has been deleted.]
Chapter 6 Prospectus, Offering Memorandum and Introductory Document
Part I Scope of Chapter
601
Part II Content of Prospectus, Offering Memorandum and Introductory Document
602
603
604
605
606
607
608
609
610
Part III Additional Requirements for Investment Funds
611
612
613
614
615
616
617
618
619
620
621
622
Part IV Additional Requirements for Life Science Companies
623
Part V Additional Requirements for Mineral, Oil and Gas Companies
624
Part VI Additional Requirements For SPACs
625
626
Chapter 7 Continuing Obligations
Part I Scope of Chapter
701
Part II Equity Securities — Immediate Announcements
702
Disclosure of Material Information
703
Announcement of Specific Information
704
Part III Equity Securities — Periodic Reports
Financial Statements
705
706
Acquisitions and Realisations
706A
Annual Report
707
708
709
709A
710
710A
711
Sustainability Report
711A
711B
Appointment of Auditors
712
713
714
715
716
717
718
Part IV Equity Securities — Other Obligations
Suspected Fraud or Irregularity
719
Directors and Management
720
Sale and Purchase Agreements
721
Listing Fees
722 [Rule has been deleted.]
Free Float
723
724
Authorised Representatives
725
726
727
Share Pledging Arrangements
728
Restriction on Transfers of Securities
729
Alteration of Articles of Association
730
Facilitating Interaction with Shareholders
730A
Dual Class Share Structure
730B
Change in Financial Year End
730C
Part V Operational and Trading Matters
Allotment
731
Transfers, Registration and Splitting
732
733
734
Certificates
735
736
Proxy Forms
737
Register
738
739
Documents
740
741
742
743
744
Part VI [Deleted]
745 [Rule has been deleted.]
746 [Rule has been deleted.]
747 [Rule has been deleted.]
Part VII Investment Funds — Continuing Listing Obligations
748
Part VIII Mineral, Oil and Gas Companies — Continuing Listing Obligations
749
750
Part IX Secondary Listings — Continuing Listing Obligations
751
Part X Dual Class Share Structure — Continuing Listing Obligations
752
753
Part XI SPACs — Continuing Listing Obligations
754
Chapter 8 Changes in Capital
Part I Scope of Chapter
801
802
Part II General Requirements for an Issue of Securities
803
803A
804
805
General Mandate
806
Part III Preferential Offering
807
808
Part IV Issue of Shares, Company Warrants and Convertible Securities for Cash (Other than Rights Issue)
809
810
811
812
813
Part V Rights Issues
814
815 [Deleted]
816
817
818
819
820
821
822
823
Part VI Issue of Company Warrants and Other Convertible Securites
824
825
826
827
828
829
830
831
832
833
834
835
Part VII Bonus Issues and Subdivision and Consolidation of Shares
836
836A
837
838
839
840
841
842
Part VIII Share Option Schemes or Share Schemes
843
Terms of Schemes
844
845
846
847
848
849
850
851
852
Shareholder Approval
853
854
855
856
857
858
859
860
861
Part IX Scrip Dividend Schemes
862
863
Part X Listing Application for Additional Equity Securities
864
865
866
867
868
Part XI Procedures for Additional Listing Application (Primary Listing)
869
870
871
872
Time Schedule
873
874
Contents of Application
875
876
Documents to be Submitted with the Application
877
Part XII Procedures for Additional Listing Application (Secondary Listing)
878
879
880
Part XIII Share Buy-Back
Shareholder Approval
881
882
883
883A
Dealing Restriction
884
Off-Market Acquisition on an Equal Access Scheme
885
Reporting Requirements
886
Part XIV Real Estate Investment Trust
887 [Rule has been deleted.]
Chapter 9 Interested Person Transactions
Part I Scope of Chapter
901
902
903
Part II Definitions
904
Part III General Requirements
905
906
907
908
909
Part IV Sale of Property Units
910
911
912
913
914
Part V Exceptions
915
916
Part VI Announcement Requirements
917
Part VII Shareholder Approval
918
919
Part VIII General Mandate
920
Part IX Circular Requirements
921
Part X Procedures
922
923
Chapter 10 Significant Transactions
Part I Scope of Chapter
1001
Part II Definitions
1002
Part III Basis of Valuation
1003
Part IV Classification of Transactions
1004
1005
1006
1007
Part V Non-Discloseable Transactions
1008
1009
Part VI Discloseable Transactions
1010
1011
1012
1013
Part VII Major Transactions
1014
Part VIII Very Substantial Acquisitions or Reverse Takeovers
1015
1016
1017
1018 Cash Companies
Part IX Options to Acquire or Dispose of Assets
1019
Part X Undertaking Business in Investment Fund Management
1020
Chapter 11 Takeovers
Part I Scope of Chapter
1101
Part II General
1102
1103
1104
1105
1106 [Rule has been deleted.]
1107 [Rule has been deleted.]
Chapter 12 Circulars, Annual Reports and Electronic Communications
Part I Scope of Chapter
1201
Part II Circulars
1202
1203
1204
1205
1206
Part III Annual Reports
1207
Part IV Electronic Communications
1208
1209
1209A
1210
1211
1212
Chapter 13 Trading Halt, Suspension and Delisting
Part I Scope of Chapter
1301
Part II Trading Halt and Voluntary Suspension
1302
Part III Suspension of Trading
1303
1304
Part IV Delisting
1305
1306
1307
1308
1309
Part V Watch-List
1310
1311
1312
1313
1314
1315
1316
Chapter 14 Disciplinary and Appeals Procedures, and Enforcement Powers of the Exchange
Part I Scope of Chapter
1401
1402
Part II Types of Committees
Disciplinary Committee
1403
Appeals Committee
1404
Part III Administrative and Enforcement Powers of the Exchange
1405
1405A
Queries
1406
Investigations
1407
1408
1409
1410
Composition offers
1411
1412
1413
Part IV Disciplinary Proceedings
Initiation of proceedings
1414
1415
The hearing
1416
The written grounds of the Disciplinary Committee and sanctions
1417
Post-hearing
1418
Part V Appeals
Initiation of proceedings
1419
1420
The hearing
1421
The written grounds of the Appeals Committee and sanctions
1422
Post-hearing
1423
Part VI Miscellaneous Matters
Confidentiality
1424
Irregularities
1425
Exclusion of liability
1426
Composition sums, fines and costs and Compliance Fund
1427
1428
Appendices
Appendix 2.1 Contents of New Listing Application
Appendix 2.2 Articles of Association
Appendix 2.3.1 Undertaking in Support of Primary Listing Application for Debt Securities* / Equities* / Investment Funds*
Appendix 2.3.2 Undertaking in Support of Secondary Listing Application for Equities* / Investment Funds*
Appendix 7.1 Corporate Disclosure Policy
Appendix 7.2 Financial Statements and Dividend Announcement
Appendix 7.3 [Rule has been deleted.]
Appendix 7.4 [Rule has been deleted.]
Appendix 7.4.1 Announcement of Appointment
Appendix 7.4.2 Announcement of Cessation
Appendix 7.5 Summary of Reserves and Resources
Appendix 7.6 Form of Certification
Appendix 7.7 Form of Undertaking with Regard to Directors or Executive Officers
Appendix 8.1 Contents of Application for Listing Additional Securities
Appendix 8.2 Disclosure Requirements for Rights Issues or Bought Deals
Appendix 8.3.1 Daily Share Buy-Back Notice
Appendix 8.3.2 Daily Share Buy-Back Notice
Appendix 8.4.1 Application for Listing of Securities Arising from Exercise of Company Warrants/Convertible Preference Shares* Primary/Secondary* Listing
Appendix 8.4.2 Application for Listing of Securities Arising from Convertible Loan Stocks/Bonds* — Primary/Secondary* Listing
Appendix 8.4.3 Application for Listing of Securities Arising from Options Exercised Under an Employees' Share Option Scheme — Primary/Secondary* Listing
Appendix 8.4.4 Application for Listing and Quotation of Securities to be Issued Pursuant to a Scrip Dividend Scheme — Primary/Secondary* Listing
Appendix 13.1 Notice of 3 Consecutive Years' Losses
Practice Notes
Practice Note 1.2 Oversight of Issuers
Practice Note 2.1 Equity Securities Listing Procedure
Practice Note 2.1A Independence of Issue Managers
Practice Note 2.2 Global Depository Receipts
Practice Note 2.3 Training for Directors with No Prior Experience
Practice Note 2.4 Summary Property Valuation Report
Practice Note 3.1 Term Sheet For Debentures and Funds
Practice Note 3.2 Seasoning of Debt Securities
Practice Note 4.1 Profit Forecasts and Right of First Refusals
Practice Note 4.2 Corporate Governance Requirements for Real Estate Investment Trusts and Business Trusts
Practice Note 4.3 Actively Managed Exchange Traded Funds
Practice Note 5.1 Term Sheet for Structured Warrants
Practice Note 6.1 Disclosure Requirements: Pre-listing Information and Transitional Arrangements
Practice Note 6.2 Prospectus Disclosure for Life Science Companies
Practice Note 6.3 Requirements for Mineral, Oil and Gas Companies
Practice Note 6.4 Requirements for Special Purpose Acquisition Companies
Practice Note 7.1 Continuing Disclosure
Practice Note 7.2 Monitoring and Querying Unusual Trading Activity
Practice Note 7.3 Takeovers — Receipt of an Offer for Listed Shares
Practice Note 7.4 Guide for Operating and Financial Review
Practice Note 7.5 General Meetings
Practice Note 7.6 Sustainability Reporting Guide
Practice Note 7.7 Announcement of dividends and other corporate actions
Practice Note 8.1 Rights Issue Timetable
Practice Note 8.2 Sub-underwriting Arrangements
Practice Note 8.3 [Deleted]
Practice Note 10.1 Acquisitions and Realisations
Practice Note 12.1 Responsibility Statements for Directors, Vendors and Financial Advisers
Practice Note 12.2 Internal Controls and Risk Management Systems
Practice Note 13.1 Trading Halt and Suspension
Practice Note 13.2 Watch-List
Transitional Practice Note 1 Transitional Arrangements Regarding Continuing Listing Rules [Deleted]
Transitional Practice Note 2 Transitional Arrangements Regarding Accounting Standards
Transitional Practice Note 3 Transitional Arrangements Regarding Code of Corporate Governance 2018
Transitional Practice Note 4 Transitional Arrangements Regarding the Tenure Limit for Independent Directors
Report of the Committee and Code of Corporate Governance
Code of Corporate Governance 2012
Board Matters
Remuneration Matters
Accountability and Audit
Shareholders Rights and Responsibilities
Glossary
Disclosure of Corporate Governance Arrangements
The Role of Shareholders in Engaging with Companies in which they Invest
Download in PDF
Code of Corporate Governance 2018
Introduction
Board Matters
Remuneration Matters
Accountability and Audit
Shareholder Rights and Engagement
Managing Stakeholders Relationships
Practice Guidance
Practice Guidance 1: Board Roles and Director Duties
Practice Guidance 2: Board Composition and Guidance
Practice Guidance 3: Chairman and CEO
Practice Guidance 4: Board Membership
Practice Guidance 5: Board Performance
Practice Guidance 6: Procedures for Developing Remuneration Policies
Practice Guidance 7: Level and Mix of Remuneration
Practice Guidance 8: Disclosure on Remuneration
Practice Guidance 9: Risk Management and Internal Controls
Practice Guidance 10: Audit Committees
Practice Guidance 11: Shareholder Rights and Conduct of General Meetings
Practice Guidance 12: Engagement with Shareholders
Practice Guidance 13: Managing Stakeholder Relationships
Download in PDF
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
CDP Depository Rules
DVP Rules [Entire Rulebook has been deleted]
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments
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Mainboard Rules
Chapter 2 Equity Securities
Part III SGX Mainboard Listings
211
[Deleted]
