SGX Rulebooks
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Global Listing Board Rules
Future version: Effective from 29 Jun 2026

The following terms, unless the context requires otherwise, have the following meanings:

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

TermMeaning
A
"admission"admission of an issuer to the Official List
"American Depositary Shares"shares issued by a U.S. depositary bank that represent an interest in the shares of a non-U.S. entity
"Authority"the Monetary Authority of Singapore
C
"capital"share capital including preference shares
"CDP"The Central Depository (Pte) Limited
"chief executive officer"the most senior executive officer who is responsible under the immediate authority of the board of directors for the conduct of the business of the issuer
"class"equity securities or debt securities, the rights of which are identical (and in addition, for debt securities, which form a single issue or series). For this purpose a temporary difference, such as for the next dividend payment, is ignored
"Companies Act"the Companies Act 1967 of Singapore and any statutory modification or re-enactment thereof
"company" or "corporation"a company wherever incorporated or otherwise established
"company warrants"equity securities carrying rights to subscribe for or purchase shares from the issuer
"connected client"

(a) a director or substantial shareholder of the issue manager, underwriter, lead broker or distributor;

(b) a spouse, child or stepchild of any person in (a);

(c) a person in the capacity of trustee of a private or family trust (other than a pension scheme) the beneficiaries of which include any person in (a);

(d) a relative of any person in (a) whose account is managed by the issue manager, underwriter, lead broker or distributor in pursuance of a discretionary managed portfolio agreement; or

(e) a company which is a member of the same group of companies as the issue manager, underwriter, lead broker or distributor.

For the purposes of this definition, the determination of a person as a substantial shareholder shall be in accordance with the SFA or the Companies Act, as the case may be

"control"the capacity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of a company
"controlling shareholder"

a person who:

(a) holds directly or indirectly 15% or more of the total voting rights in the company. The Exchange may determine that a person who satisfies this paragraph is not a controlling shareholder; or

(b) in fact exercises control over a company

"convertible debt securities"debt securities convertible into or exchangeable for equity securities, and debt securities with non-detachable options, warrants or similar rights to subscribe for or purchase equity securities attached
"convertible equity securities"units of shares including, but not limited to, options, warrants, or other transferable rights to subscribe for or purchase shares
"convertible securities"convertible equity securities or convertible debt securities
D
"debt securities"debentures, units of debentures, and securities (other than equity securities) classified by the Exchange as debt securities
E
"equity securities"shares (including preference shares) and convertible equity securities, and securities (other than debt securities) classified by the Exchange as equity securities (including sponsored ADRs and American Depositary Shares)
"executive officer"the management team (excluding directors) of an issuer, including its chief executive officer, chief financial officer, chief operating officer and any other individual, regardless of title, who (a) performs or has the capacity to perform any function or responsibility equivalent to that of the foregoing persons or (b) is responsible for ensuring that the issuer complies with its obligations under the Rules
"exempted security"has the meaning given to it in the U.S. Exchange Act
F
"financial year"the period in respect of which any profit and loss accounts of the issuer laid before it in general meeting is made up, whether that period is a year or not
G
"group"the issuer and its subsidiaries, if any
"Global Listing Board"SGX-ST Global Listing Board
I
"immediate family"in relation to a person, means the person's spouse, child, adopted child, stepchild, sibling and parent
"insider"

every person who is:

(a) directly or indirectly the beneficial owner of more than 10% of any class of any equity security (other than an exempted security) of the issuer; or

(b) a director or officer of an issuer

"issue manager"broking members of the Exchange, banks or corporate finance firms accredited by the Exchange to advise on listing applications for admission to the Official List
"issuer"in the case where sponsored ADRs are the subject of an application for listing, or have been admitted to listing, the non-U.S. entity whose underlying shares the sponsored ADRs represent; and

in other cases, a company or other legal person or undertaking some or all of whose securities are the subject of an application for listing, or have been admitted to listing
M
"Mainboard"SGX-ST Mainboard
"market day"a day on which the Exchange is open for securities trading
N
"Nasdaq"The Nasdaq Stock Market, a registered national securities exchange operated by Nasdaq, Inc.
"Nasdaq Global Select Market"has the meaning given to it in the Nasdaq Listing Rules
"Nasdaq Listing Rules"the rules related to the qualification, listing and delisting of companies on Nasdaq as from time to time amended, modified or supplemented
"notification of deficiency"a notification from Nasdaq to an issuer of its failure to satisfy one or more of the initial or continued listing standards of Nasdaq
O
"officer"has the meaning given to it in the rules and regulations issued pursuant to the U.S. Exchange Act
"Official List"the list of issuers maintained by the Exchange in relation to the Mainboard, Catalist or Global Listing Board
P
"Practice Notes"the practice notes issued by the Exchange from time to time under and pursuant to Rule 107, as may be amended, modified or supplemented from time to time
"prospectus"a listing document, or any equivalent document, issued or proposed to be used to make offers of securities, and which includes for this purpose applicable sections of U.S. registration statements, as amended and supplemented
R
"relative"
(a) a person's immediate family; and
(b) in relation to the persons in paragraph (a), means that person's spouse, child, adopted child, stepchild, sibling, or parent
"Retail Broker Tranche"has the meaning given to it in Rule 211(4)
"Rules"the provisions of the Global Listing Board Rules (excluding the Practice Notes) as from time to time amended, modified or supplemented
S
"SEC"the U.S. Securities and Exchange Commission
"SEC EDGAR"the Electronic Data Gathering, Analysis, and Retrieval system, an electronic filing system that companies and others use in submitting disclosure documents under the U.S. securities laws
"securities"debt securities and equity securities
"SFA"the Securities and Futures Act 2001 of Singapore and any statutory modification or re-enactment thereof
"SF(GLB)R"the Securities and Futures (Part 13A) (Global Listing Board and U.S. Exchange) Regulations 2026, as amended, modified or supplemented from time to time, including any re-enactment or replacement thereof
"SGX"Singapore Exchange Limited
"SGXNET"Singapore Exchange Network, a system network used by issuers in sending information and announcements to the Exchange or any other system networks prescribed by the Exchange for the purpose of the Exchange making that information available to the market
"SGX-ST" or "the Exchange"Singapore Exchange Securities Trading Limited
"SGX RegCo"Singapore Exchange Regulation Pte. Ltd.
"SGX RegCo Board"SGX RegCo's board of directors
"shareholder"includes the owner of sponsored ADRs or American Depositary Shares
"Singapore Tranche"has the meaning given to it in Rule 211(1)
"sponsored ADRs"negotiable certificates that are issued by a U.S. depositary bank, with the agreement and participation of the non-U.S. entity, that evidence an ownership interest in American Depositary Shares or other shares of such non-U.S. entity
"substantial shareholder"has the meaning given to it in the Nasdaq Listing Rules
T
"Third-Party Filing"has the meaning given to it in Rule 403(3)
"treasury shares"treasury shares as defined in the Companies Act. For the purpose of the Rules, treasury shares will be excluded from references to "issued share capital" and "equity securities", and for the calculation of market capitalisation where referred to in the Rules
U
"U.S."United States of America
"U.S. Exchange Act"U.S. Securities Exchange Act of 1934 and any statutory modification or re-enactment thereof

Interpretation

(1) Unless the context requires otherwise, words importing the singular include the plural and vice versa, and words importing the masculine include the feminine and neuter and vice versa.

(2) Where definitions in the Rules are wider than or the obligations and requirements imposed by the Rules are more onerous than the provisions of any ordinance, regulation or other statutory provision from time to time in force in Singapore, issuers shall be required to comply with such broader obligations provided that where any provision of the Rules is in conflict with the provisions of any such ordinance, regulation or other statutory provision, the provisions of such ordinance, regulation or other statutory provision shall prevail.

(3) Unless the context requires otherwise, terms that are not specifically defined in the Rules will have the same meaning as assigned to them under the SFA or the Companies Act, as the case may be.