Singapore Exchange Regulation (SGX RegCo) and the Israel Securities Authority (ISA) have agreed to cooperate to enhance protection for investors in issuers dual listed on Singapore Exchange (SGX) and Tel-Aviv Stock Exchange (TASE).
The regulatory cooperation will enable SGX RegCo and ISA to exchange information, and enhance how both regulators assess and monitor listing applicants and issuers’ compliance with the rules, laws and regulations of SGX and ISA.
“This MOU further improves ISA’s unique and successful dual listing arrangement, and we anticipate more companies listed outside Israel to add Tel-Aviv as a listing venue and enjoy the advantages of the Israeli capital market,” said Offir Eyal, who is the Director of International Affairs and Business Development Department at ISA.
“This cooperation between the Israel Securities Authority, sends a strong signal of our joint commitment towards addressing investor concerns. This will aid the confidence of investors venturing into companies of a different jurisdiction or region,” added Tan Boon Gin, CEO of SGX RegCo.
Shares of SGX closed at 8.72, 0.9% up or 8 cents higher than its previous close of $8.64.
