Regulation of the Securities Industry in Singapore

Authors

Walter Woon

Abstract

This Article focuses on the various legal regimes governing securities regulation in Singapore, with an emphasis on the various mechanisms for enforcing anti-insider trading laws and the disclosure requirements connected with those laws. The new regulations promulgated in the wake of the Pan-Electric scandal of 1986, which sent shock waves through the Singapore stock exchange, are much more stringent than the previous ones. The authorities of the Monetary Authority of Singapore, the Securities Industry Council, and the Stock Exchange of Singapore are discussed as they pertain to insider trading, false trading and market rigging, stock market manipulation, dissemination of false information, fraudulently inducing investment, and employment of manipulative or deceptive devices. The specific criminal and civil penalties which may apply are discussed, and the Article concludes with a look at the problems of regulation of activities involving securities trading between Singapore and Malaysia.

First Page

731

Recommended Citation

Walter Woon, Regulation of the Securities Industry in Singapore, 4 Pac. Rim L & Pol'y J. 731 (1995).
Available at: https://digitalcommons.law.uw.edu/wilj/vol4/iss3/9