SG-Listed Companies
Regulator: SGX.
See the other 239 companies of this market
Disclosure of interests by insiders in Singapore
Part 7 of the SFA covers interests
Singapore frames insider reporting as disclosure of interests. Part 7 of the Securities and Futures Act 2001 (SFA), administered by the Monetary Authority of Singapore (MAS), requires directors, chief executive officers and substantial shareholders of listed corporations to notify the company of their interests and of changes to them. The company then passes the information to the market through Singapore Exchange (SGX) announcements.
Directors and chief executives: 2 business days
Section 133 requires every director and chief executive officer to notify the corporation in writing of the shares, debentures, rights, options and certain contracts in the corporation or a related corporation in which they hold an interest. The notice is due within 2 business days of becoming a director or chief executive, of acquiring the interest, or of becoming aware of a change.
Substantial shareholders start at 5%
Under section 2(4) of the SFA, a person is a substantial shareholder when their interests carry at least 5% of the votes attached to the voting shares, treasury shares excluded. Sections 135 to 137 require a notice to the corporation within 2 business days of becoming a substantial shareholder, of a change in percentage level, and of ceasing to be one. The percentage level is rounded down to a whole number, so a move inside the same whole percentage point does not trigger a notice.
One business day to reach the exchange
Section 137G obliges the corporation to announce what it has been told as soon as practicable, and no later than the end of the business day after it received the notice. Listing Rule 1207(19) adds best practice on dealings: an issuer and its officers should not deal during the two weeks before each of the first three quarterly results or the month before full-year results, a one-month window that applies to half-year and full-year results when the issuer does not report quarterly. Officers should also avoid dealing on short-term considerations, and issuers state in their annual report whether they follow these practices.
Holdings changes in the data here
The Singapore feed on this site is classed as holdings. Each record reflects a notified change in a director's or shareholder's interest, which may or may not come from a purchase or sale on the market, so read it as a change in holdings rather than a trade order. Where the notice states a consideration, the amount appears in Singapore dollars with a euro conversion. Companies covered are reachable from the markets page, and recurring terms are explained in the glossary.