Hans tjio, principles and practice of securities regulation in singapore lexisnexis, 2011, 2nd ed, hereafter tjio. Principles and practice of securities regulation in singapore by hans tjio pp. Securities and financial services regulation hans tjio llm harvard, ma cantab. For reference, candidates may, if they wish, look up the following, but these are not required reading. The handbook brings together leading academics and practitioners in singapore in the area of financial regulation, where there may have been a lacuna previously in. All content in this area was uploaded by hans tjio on apr 07, 2017. Sgx announces changes to the listings advisory committee. The only exception appears to be in taiwan where taiwans securities and futures investor protection centre listens to investor complaints and. Professor tjio has taught at the faculty of law in the national university of singapore since 1990 and is the codirector of the facultys centre for banking and finance law. Jul 05, 2017 professor tjio has taught at the faculty of law in the national university of singapore since 1990 and is the codirector of the facultys entre for anking and finance law.
He has published widely in international and local journals, and has written or cowritten books on company law, securities. Securities regulation in singapore in international securities. Hans tjio this article suggests that the gist of securities market disclosure is the furtherance of corporate gover nance and not investor protection. While there were a number of significant decisions in both the district and high courts that will be discussed in this article, the landscape for securities regulation in 2017 was dominated by the passing of the securities and futures amendment act 2017 act 4 of 2017 in january 2017.
Principles and practice of securities regulations in singapore, 3rd. This survey discusses these cases as well as those in other parts of the capital markets, including the regulation of bonds and share buybacks. He is currently professor of law at the national university of singapore faculty of law and the dean of the singapore institute of legal education. Required reading, and generally a good guide to securities regulation in singapore. This conference is organised in conjunction with the publication on financial services law and regulation academy publishing, 2019, edited by dora neo, hans tjio and luh luh lan. Hans tjio is professor of law at the faculty of law, national university of singapore and codirector of its centre for banking and finance law. Hans tjio,associate professor, national university of singapore hans tjio is an associate professor in the faculty of law, nus, and a consultant with wong. In the matter of jade technologies holdings limited grounds. Securities and futures act, this is premised on mli having acquired. Securities and financial services regulation april 18, 2016. Regulation of securities markets international standards dr. Professor tjio has taught at the faculty of law in the national university of singapore since 1990 and is the codirector of the facultys entre for anking and finance law.
Professor, faculty of law, national university of singapore. Lord cairns act and loss of the ability to sue for future infringements, alvin w. Principles and practice of securities regulation in singapore 2 nd ed lexis nexis 2011. This article critically analyses that decision in light of various approaches to regulating real estate investment trusts reits in the uk, singapore, and hong kong. This third edition covers legislative developments as well as changes and developments to the securities industry, sgxst listing manual and. Research collection school of law singapore management. Real estate investment trusts in singapore recent legal and. On the regulatory side, loo siew yee, the head of the securities and futures department has said. This article critically analyses that decision in light of various approaches to regulating real estate investment trusts reits in the uk, singapore, and hong kong, respectively. The criteria for listing and the obligations of listed companies are found in the sgx listing manual.
Prof tjio has published widely in international and local journals, and has written or cowritten books on company law, securities regulation and trust law. Hans tjio, wan wai yee and yee kwok hon, principles and practice of securities regulations in singapore walter woon, company law baxt, black and hanrahan, securities and financial services law philip wood, the law and practice of international finance woon, chew and tjio, securities regulation in singapore in. Regulation and deregulation of foreign investment in chinas stock market jiangyu wang. American corporate law and securities regulation, to date, have not been equipped to address this institutional investors institutional investorssuch as mutual funds, index funds, pensions, and hedge fundsown 70% of the outstanding shares of publicly traded corporations in the united states. Securities regulation an international perspective. This document sets out three objectives upon which securities regulation is based. Professor hans tjio national university of singapore hans has taught at the faculty of law, nus, since 1990, and was previously director of the centre for banking and finance law and centre for commercial law studies. Securities industry council monetary authority of singapore.
Principles and practice of securities regulations in singapore. Securities regulation, financial regulation, bond restructuring, fiduciary. We ship law books world wide and stock books and looseleaf works from all major legal publishers. Corporate governance and proxy voting guidelines for hong kong securities blackrock, may 2016. It will be argued that public enforcement of continuous disclosure rules remains the primary means of enforcement in singapore. Investor protection is the cornerstone of securities regulation. Find principles and practice of securities regulation in singapore, by hans tjio, isbn 9789812363640, published by lexisnexis singapore from. Regulation of securities offerings, wai yee wan and hans tjio. Ch 17 corp finance and securities regulation hans tjio rachel eng. From 1954 to 1971, the nairobi securities exchange was responsible for all regulatory aspects of the securities markets. Securities regulation, financial regulation, trust law, segregation of accounts. A comparison of the two groups reveals that information.
Calibrating regulatory disclosure in kenyas securities. Dogan cansizlar chairman of the capital markets board of turkey chairman of emerging markets committee emc of international organization of securities commission iosco 30 april 2004, istanbul the sixth oecd conference on financial sector development in the central asian countries. Deep and vibrant securities markets are characterized by effective investor protection. Dancing with wolves regulation and deregulation of foreign. Jul 05, 2017 prof tjio takes over from prof tan cheng han, who was earlier made chairman of singapore exchange regulation pte ltd. Initial public offerings essentials for a successful listing. Securities industry council consults on amendments to singapore code on takeovers and mergers to clarify its application to companies with dual class share structure 1 feb 2018 141. Evolution and effectiveness of independent directors in. Securities regulation is one area of the law where practice has an immediate and significant impact. Its ubiquitous in securities legislation across the globe vindicates this proposition. His most recent coauthored books include principles and practice of securities regulation in singapore 3rd ed, lexis nexis, 2017 and corporate law academy publishing, 2015. Prof tjio, an authority on singapores securities regulation, joined lac in february 2016. Walter woon cheong ming sc born 12 september 1956 is a singaporean lawyer, academic, diplomat and politician.
Regulation of securities offerings by wai yee wan and. Securities and financial services regulation by hans. Conf1po2005 discusses the still evolving legal framework for securities regulation and corporate governance in singapore. Securities regulation an international perspective jane diplock ao chairman, iosco executive committee chairman, securities commission of new zealand international council of securities associations tokyo, 30 october 2006 it is a great pleasure to speak at this annual general meeting of the international council. Singapore, as an independent legal system founded on the.
Hans christensen, luzi hail, and christian leuz, capitalmarket effects of securities regulation. Pdf there were about ten cases in 2018 involving securities or capital markets regulation. Securities and financial services regulation january. Market effects and the need for regulation part ihouse report, h. Hanwei ho, dan klerman, lin lin, dan w puchniak, petrina tan, brian tang, hans tjio, and other participants at the symposium on hedge funds and alternative investment. There were about ten cases in 2018 involving securities or capital markets regulation, as the area may increasingly become known in singapore with the coming into effect of the securities and. Evolution of the chinese stock market and the emergence of the regulatory. His expertise is in company law and securities regulation. Apr 02, 2019 american corporate law and securities regulation, to date, have not been equipped to address this institutional investors institutional investorssuch as mutual funds, index funds, pensions, and hedge fundsown 70% of the outstanding shares of publicly traded corporations in the united states.
Iosco objectives and principles of securities regulation. Prof tjio takes over from prof tan cheng han, who was earlier made chairman of singapore exchange regulation pte ltd. Securities and financial services regulation hans tjio. Trading in securities is regulated by the sgx rules. But this should be supplemented by private enforcement. Dancing with wolves regulation and deregulation of. All content in this area was uploaded by hans tjio on apr. Principles and practice of securities regulation in singapore. This course aims to give students a practical overview of the principles and statutory regime relating to the regulation of securities in singapore. From that point, there was a general tightening up of securities regulation up to the asian financial crisis in 1997. Securities and financial services regulation march 5.
Securities and financial 2016 17 sal ann rev services regulation 639 25. Securities and financial services regulation published on efirst 23 april 2018. Securities regulation, financial regulation, trust law. Kopelman is an expert on derivatives and their applications in trading, structured products, and capital markets, as well as on brokerdealer, securities, and futures regulation. The journal covers both domestic and international legal developments. Securities and financial services regulation by hans tjio. He is a leading authority on singapores securities regulation, having authored principles and practice of securities regulation in singapore. Securities and financial services regulation january 30, 2020. The role of securities markets increased globally securities markets offer an alternative source of intermediation securities markets reduce cost of capital, increase savings and investment investor confidence is the key in securities markets securities regulation address this through regulation of issuer disclosure and. Securities and futures amendment act 2017in october 2018 and prior to that, as a futures contract. He has been a visiting lecturer in the law schools at auckland and shanghais east china university of political science and law, and a visiting scholar at stanford and melbourne. Misrepresentation and nondisclosure in a phang gen ed, the law of contract in singapore academy publishing, 2012 661 777. Regulation of securities offerings by wai yee wan and hans tjio.
Lac, established in october 2015, is a panel of independent market professionals. It attempts to set the laws and regulations in the context of the history of her capital markets and the political. July 2005 of singapore journal of legal studies on jstor. Evolution of the chinese stock market and the emergence of the regulatory framework. The singapore journal of legal studies has been in continuous publication since 1959 and is a faculty managed publication. Bond finance in dora neo, hans tjio and lan luh luh eds.
Regulation s addresses the offshore offerings of the securities of foreign issuers, and under what circumstances such securities would be exempt from section 5. Fca 2016 uksc 17 that the landbanking scheme required authorization as a collective investment scheme in order to be sold to retail investors. Although there are local differences in market structures, these objectives form a basis for an effective system of securities regulation. Securities and exchange commission 17 cfr parts 240 and 242 release no. The document also sets out thirty principles of securities regulation that give practical effect to the objectives. In the matter of jade technologies holdings limited. For a criticism of the new regulation and policy recommendation. Regulation of securities offerings by wai yee wan and hans tjio topics.
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