Singapore Exchange Regulation (SGX RegCo) said Tuesday 95 companies are on its Fast Track list, which provides them with prioritized response on certain corporate action submissions.
The Fast Track program is aimed at recognizing companies with high governance standards and good compliance track records, SGX RegCo said in a statement.
The prioritized submissions include circulars, requests for waiver and applications for share issuance, SGX RegCo said.
“Companies have shown keen interest to be part of the SGX Fast Track program, which tells us that the carrot approach to market regulation can work and benefit both investors and companies,” Tan Boon Gin, CEO of SGX RegCo, said in the statement.
“We are reviewing companies’ sustainability reports and our SGX Fast Track evaluation will in future include these findings. Companies’ engagements with other market stakeholders, such as the Securities Investors Association (Singapore), will also feature in our assessment,” Tan said.
Qualified companies usually stay on the Fast Track list for two years, with SGX RegCo continually assessing which companies should be included or dropped from the program, the statement said.
The list of Fast Track issuers can be found here.
