In collaboration with the Singapore Exchange Regulation (“SGX Regco”), the Association of Banks in Singapore (“ABS”) has recently updated its ABS Listings Due Diligence Guidelines (“Due Diligence Guidelines”), effective from 13 November 2020. The latest guidelines aim to improve the standards of due diligence conducted on companies planning to list on the Singapore Exchange (“SGX”), by setting out expectations and recommendations on due diligence work that issue managers and sponsors should carry out for initial public offerings and listings, by way of introduction and/or reverse takeovers.
The Due Diligence Guidelines identify general principles covering the following four areas:
Key enhancements to the guidelines include:
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Speak to our professionals to learn more about these updated guidelines, as well as about internal controls and listing in Singapore.
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