Regulatory Alerts2012-10-08
Added
Disclosure of Interests in Securities - MAS letter to trustee-managers of listed BTs
The Monetary Authority of Singapore issued this letter to trustee-managers of listed business trusts to outline the amended disclosure requirements under Section 137R of the Securities and Futures Act effective 19 November 2012. Trustee-managers must disseminate notices of their own interest changes and those received from directors, CEOs, shareholders, or substantial unitholders via SGXNet announcements using prescribed electronic forms within specified timeframes. The document emphasizes the necessity of timely disclosure for market transparency and details the penalties for contravention, including fines and potential imprisonment for officers.
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