MAS and SGX join Malaysia and Thailand to expedite secondary listings review

Malaysia, Singapore and Thailand are the first three jurisdictions in ASEAN to satisfy the requirements of the framework.

The Expedited Review Framework is an initiative under the ACMF Implementation Plan endorsed by the ASEAN Finance Ministers in 2009.

The objective of the Framework is to speed up the processing of secondary listing applications together with the relevant disclosure documents.

This Framework is available to corporations which are incorporated and whose shares are primarily listed on the main market of an exchange in jurisdictions which are signatories to the MOU.

Where corporations satisfy the requirements set out in the Framework, signatories to the MOU will review these applications within a shortened time period of 35 business days compared to the normal review time of up to 16 weeks.