The Exchange will place an issuer on the watch-list, if it records pre-tax losses for the 3 most recently completed consecutive financial years (based on audited full year consolidated accounts) and an average daily market capitalisation of less than S$40 million over the last 6 months.

Amended on 1 March 20161 March 2016, 2 December 20162 December 2016 and 1 June 20201 June 2020.