Stefanie Yuen Thio comments in BT: “In nod to market, SGX seeks to scrap minimum trading price rule”

TSMP Law Corporation Joint Managing Partner Stefanie Yuen Thio was quoted in a news story published by the Business Times on 29 November 2019 on the SGX’s plan to scrap the minimum trading price rule.

She said it is “about time” to scrap it, given that the initiative was not successful, adding: “I think it’s also good that the regulators, in addition to beefing up their own surveillance, have rolled out measures to improve stockbroking houses’ awareness of the kinds of trades that are likely to indicate market misconduct.”

The Nikkei Asian Review also picked up an earlier quote she made, in a story on the same topic published on 28 November 2019, in which she had said that the minimum trading price “was an arbitrary number but it had very real implications for listed companies.” The reputation of those on the list suffered and they had greater challenges getting support from lending banks, she added.

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