Exchange regulator and law society publish guide for corporate lawyers in Singapore

The guide will assist lawyers making submissions to SGX RegCo on behalf of listed issuers.

Singapore Exchange Regulation (SGX RegCo) and the Law Society of Singapore (LawSoc) have jointly issued a best practices guide to set out recommendations and best practices for Singapore lawyers. The guide includes recommendations and best practices covering matters such as consultations on interpretations of the listing rules, applications for waivers, and submission of circulars and similar documents to shareholders in relation to corporate actions.

Tan Boon Gin, CEO of SGX RegCo, said, “This Guide sets out our expectations for Singapore lawyers in the course of regulatory submissions and seeks to ensure that his conduct fulfills the statutory, common law and ethical standards and duties expected of him.”

Gregory Vijayendran, S.C., President of the Law Society of Singapore, also commented on the issuance, “We particularly welcome SGX RegCo’s new administrative measure to require the naming of the law firms for the covered transactions in the shareholders’ circulars. This will foster greater accountability and give a sense of ownership as well as appropriately honour our law firms.”

The guide's advice will be in effect immediately, the press release added.