ANNUAL REPORT 2002 / 2003
THE FINANCIAL SECTOR - KEY REGULATORY AND SUPERVISORY INITIATIVES
Securities Trading and Clearing Systems
the securities sector, SGX last year strived to keep pace with demands for
innovation by enhancing its trading and clearing infrastructure.
the initiatives taken were the extension of the borrowing
period for its securities lending facility, and making full order book
information on the SGX securities market available to investors on a
subscription basis in July 2002.
completed the business and technical architecture design phase of its
straight-through- processing initiative in September 2002, and has
embarked on the development and implementation phase.
also put in place several other measures:
listing requirements for structured warrants were revised on 1 January
2003 and a market making system was introduced for these products.
and the Australian Stock Exchange doubled the number of stocks
available for co-trading, with effect from 31 March 2003, to 100
Singapore stocks and 100 Australian stocks.
introduced in April 2003 a Unit Share Market that allows trading of
odd lots with a minimum size of one share.
Several new initiatives being undertaken by the SGX in 2003 include reviewing changes to the rules and bye-laws of its securities trading arm to bring them in line with current market practices and the SFA.
|Risk-Based Regulatory Regime||Prudential Policies||Enhancing MAS' Supervisory Role||Greater Consistency in Standards Across Sectors|
|Building Strong Pillars for Good Corporate Governance||Additional Requirements||Building Confidence with Sound Market and Business Conduct|
|Upholding Professional and Ethical Standards||Laying Strong Foundation for Financial Innovation||Managing Technology Risks|
|Improved Securities Trading and Clearing System||Safer Settlement System for Foreign Exchange||Payment Systems|
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