CFA Singapore and CFA Institute welcome the opportunity to participate in this  MAS consultation paper to improve market functions and trading practices in the securities market in Singapore. We commend both Monetary Authority of Singapore (“MAS”) and Singapore Exchange Limited (“SGX”) for the comprehensive review in response to changes in market conditions.

We are pleased to share our comments relating to the proposals on improving transparency of trading restrictions imposed by securities intermediaries (Proposal 4), reinforcing the listing process of SGX and strengthening existing enforcement framework (Proposal 5). Please find the comments in the attached document. Following this, further discussion were made, please find the additional comments in the attached document.