A Singapore Exchange (SGX) signage is pictured at their premises in Singapore on Oct 17, 2013. Mr Loh said the transfer of the regulatory functions and SGX's previous move to set up an independent listings committee would address potential conflicts between its commercial objectives and regulatory responsibilities. (Reuters file photo)SINGAPORE - 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. Instead, SGX is the front-line regulator and is in turn regulated by the central bank, the Monetary Authority of Singapore (MAS). "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.

Source: Bangkok Post July 18, 2016 07:07 UTC