SGX Rulebooks
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404

On a continuing basis, an issuer must:

(1) maintain a primary listing on the Nasdaq Global Select Market;

(2) comply with all the applicable Nasdaq Listing Rules, unless:

(a) a waiver has been obtained for any non-compliance; or

(b) compliance is regained or a deficiency is cured within a period prescribed by Nasdaq; and

(3) provide an annual certification in the form prescribed at Appendix 4.1 that it has complied with the applicable continuing listing obligations in the Rules.

405

An issuer must immediately notify the Exchange in writing where it has:

(1) received a notification of deficiency or delisting determination from Nasdaq; or

(2) requested for a voluntary delisting of its securities listed on Nasdaq.

406

An issuer without a Singapore resident independent director must engage a Singapore-based compliance adviser on a continuing basis, unless otherwise allowed by the Exchange.

407

An issuer must appoint two authorised representatives, each of whom must be:

(1) a director;

(2) the company secretary;

(3) an officer or employee with suitable authority; or

(4) a Singapore-based compliance adviser.

408

An authorised representative shall:

(1) be the principal channel of communication between the Exchange and the issuer at all times, and such representative must be readily available and easily contactable during Singapore market hours;

(2) supply the Exchange with details in writing of how he or she can be contacted, including email, mobile and office telephone numbers. The issuer must notify the Exchange of any changes to such details;

(3) ensure that whenever he or she may be uncontactable, suitable authorised alternates are appointed and to supply the Exchange with details in writing of how such alternates may be contacted, including their email, mobile and office telephone numbers; and

(4) not terminate his or her role as authorised representative before notifying the Exchange of:

(a) the proposed termination; and

(b) the name and relevant particulars of the replacement.

409

If the Exchange is not satisfied that the authorised representative is fulfilling his or her responsibilities adequately, it may require the issuer to appoint a replacement. The issuer must immediately notify the Exchange of the relevant particulars of any replacement and contact details.

410

The Issuer must ensure arrangements required under Rules 204(1) and 207 are maintained on a continuing basis.

411

Where the trading of securities of an issuer is suspended on the Global Listing Board, there must not be any transfers of securities, unless approved by the Exchange.

412

A document given to the Exchange by an entity, or on its behalf, becomes and remains the property of the Exchange to deal with as it wishes, including copying, storing in a retrieval system, transmitting and selling to the public, and publishing any part of the document and permitting others to do so. The documents referred to in this Rule include a document given to the Exchange in support of a listing application or in compliance with the Rules.

413

The issuer must comply with additional requirements relating to operational and trading matters as prescribed by the Exchange from time to time.