Jan 15 2020, 06:06 AM
Will it affect any REITs in SGX, with 4 dividend payouts per year (equals to one dividend payout every 3 months)? As Hansel said, many of us prefer to get our dividend earlier, rather than waiting much longer.
That way, we can use the dividends much earlier to purchase other shares in SGX, or in any foreign country stock exchanges.
QUOTE
https://www.thestar.com.my/business/busines...g-for-companies
SINGAPORE (Reuters) - Companies listed on Singapore Exchange will no longer be required to file quarterly reports, in line with practices in global markets including Hong Kong, the United Kingdom and the European Union, the bourse's regulatory unit said.
"Singapore Exchange Regulation (SGX RegCo) will apply quarterly reporting requirements only for companies associated with higher risks while strengthening continuous disclosure requirements on all listed companies," SGX RegCo said in a statement on Thursday.
Under the new changes that come into effect from Feb 7, SGX RegCo will require companies to report quarterly results if it has regulatory concerns with them or where there are other issues. It will also mandate more disclosures from companies.
SGX, a global listing hub for business trusts and real estate investment trusts, has taken several measures in recent years to shore up market liquidity, improve quality of listings and strengthen its regulatory framework after a penny stocks crash in 2013 battered investor confidence.
It also introduced a dual-class share system with an eye on potential IPOs from Southeast Asian startups with billion-dollar valuations.
"In a rapidly evolving business landscape, it is important for companies to take a long-term perspective on growth, while communicating meaningfully with their stakeholders on how they are navigating through these changes," said SGX RegCo's CEO Tan Boon Gin.
Singapore Exchange began reviewing mandatory quarterly reporting for companies in 2017 and conducted public consultations, citing a need to balance transparency for investors with concerns about rising compliance costs.
"The international trend is moving away from quarterly reporting," Tan said. In December 2018, the U.S Securities and Exchange Commission opened a public consultation on ways to ease the reporting burden, including by potentially moving to a semiannual cycle.
Currently, Singapore-listed companies with a market value of more than S$75 million are required to issue quarterly results, which would account for about 70% of the 750-odd companies listed on the exchange.
Companies will now only need to file semi-annual reports.
SGX RegCo said it is also strengthening continuous disclosures requirements in areas of high investor interest such as interested person transactions, significant financial assistance, significant transactions and secondary fund-raising.
Tan said SGX RegCo will soon seek a public consultation on its proposals for companies required to have a second auditor in certain cases and a Singapore-based auditor for all listed companies.
This post has been edited by kart: Jan 15 2020, 06:09 AMSINGAPORE (Reuters) - Companies listed on Singapore Exchange will no longer be required to file quarterly reports, in line with practices in global markets including Hong Kong, the United Kingdom and the European Union, the bourse's regulatory unit said.
"Singapore Exchange Regulation (SGX RegCo) will apply quarterly reporting requirements only for companies associated with higher risks while strengthening continuous disclosure requirements on all listed companies," SGX RegCo said in a statement on Thursday.
Under the new changes that come into effect from Feb 7, SGX RegCo will require companies to report quarterly results if it has regulatory concerns with them or where there are other issues. It will also mandate more disclosures from companies.
SGX, a global listing hub for business trusts and real estate investment trusts, has taken several measures in recent years to shore up market liquidity, improve quality of listings and strengthen its regulatory framework after a penny stocks crash in 2013 battered investor confidence.
It also introduced a dual-class share system with an eye on potential IPOs from Southeast Asian startups with billion-dollar valuations.
"In a rapidly evolving business landscape, it is important for companies to take a long-term perspective on growth, while communicating meaningfully with their stakeholders on how they are navigating through these changes," said SGX RegCo's CEO Tan Boon Gin.
Singapore Exchange began reviewing mandatory quarterly reporting for companies in 2017 and conducted public consultations, citing a need to balance transparency for investors with concerns about rising compliance costs.
"The international trend is moving away from quarterly reporting," Tan said. In December 2018, the U.S Securities and Exchange Commission opened a public consultation on ways to ease the reporting burden, including by potentially moving to a semiannual cycle.
Currently, Singapore-listed companies with a market value of more than S$75 million are required to issue quarterly results, which would account for about 70% of the 750-odd companies listed on the exchange.
Companies will now only need to file semi-annual reports.
SGX RegCo said it is also strengthening continuous disclosures requirements in areas of high investor interest such as interested person transactions, significant financial assistance, significant transactions and secondary fund-raising.
Tan said SGX RegCo will soon seek a public consultation on its proposals for companies required to have a second auditor in certain cases and a Singapore-based auditor for all listed companies.
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Alright, we here can still get 4 times dividend payout per year, from the existing REITs. 
Please do not hesitate to correct my mistake, if I say anything incorrect. It is always good for a newbie for me, to learn from great wisdom of highly experienced SGX investors like you, and other experts here. 
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