Companies seeking a simultaneous listing on SGX and Nasdaq may soon face fewer regulatory hurdles under proposals that the Monetary Authority of Singapore (MAS) is consulting on.
MAS has opened a public consultation on amendments to the Securities and Futures Act 2001 and related draft regulations.
The changes are intended to support the upcoming Global Listing Board, announced in November to enable dual listings on SGX and Nasdaq for companies with a market capitalisation of S$2 billion and above.
The proposals would allow issuers to use a single prospectus for offerings in Singapore and the United States by requiring the local document to include information already required for US listings.
MAS is also proposing to shorten the registration process in Singapore to better align IPO timelines in both markets.
The draft regulations introduce safe harbour provisions reflecting US market practices, covering forward-looking statements, share buybacks and pre-determined trades, subject to specific conditions.
These provisions do not provide a defence in cases involving fraud or dishonesty.
MAS said the amendments would give it flexibility to extend a similar framework to other jurisdictions if their disclosure standards are aligned with international benchmarks set by the International Organization of Securities Commissions.
The regulator is also proposing to let issuers engage retail investors earlier in the IPO process to support bookbuilding and give investors more time to assess offerings.
For Global Listing Board issuers, this would allow retail engagement in Singapore and the United States to take place at the same time.
MAS and SGX will make the final decision on all listings and prospectus registrations.
The regulator said it will continue to work with relevant authorities to act against disclosure breaches and market misconduct in Singapore.
SGX RegCo has issued a separate consultation on the Global Listing Board listing rules.
Feedback on both consultations can be submitted via FormSG by 8 February 2026.
Featured image: Edited by Fintech News Singapore/Malaysia, based on image by MAS
