Singapore Exchange Ltd (SGX) , which has come under criticism after a string of trading disruptions, announced plans to transfer its front-line regulatory functions to a separate subsidiary that will be governed by its own board of directors.
"The move aims to further enhance the governance of SGX as a self-regulatory organisation (SRO) by making more explicit the segregation of its regulatory functions from its commercial and operating activities," SGX said in a statement on Monday.
The move comes just days after SGX reported its longest trading disruption, piling pressure on Chief Executive Loh Boon Chye as he tries to rejuvenate a bourse facing stiff competition in the region.
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"The move aims to further enhance the governance of SGX as a self-regulatory organisation (SRO) by making more explicit the segregation of its regulatory functions from its commercial and operating activities," SGX said in a statement on Monday.
The move comes just days after SGX reported its longest trading disruption, piling pressure on Chief Executive Loh Boon Chye as he tries to rejuvenate a bourse facing stiff competition in the region.
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