(Singapore, 13 April 2020) The Accounting and Corporate Regulatory Authority (ACRA), the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have prepared a checklist to guide listed and non-listed entities on the conduct of general meetings during the period when elevated safe distancing measures are in place.
The Order was issued by the Ministry of Law this morning. Listed and non-listed entities should refer to the checklist when conducting general meetings during this elevated safe distancing period.
Should issuers require certain essential persons to be in the same physical location to facilitate the conduct of a ‘virtual’ meeting, The Ministry for Trade and Industry would grant an automatic time-limited exemption to permit temporary operations at the same physical location, provided that the number of persons does not exceed 6, and safe distancing measures are complied with at the venue.
Issuers whose annual general meetings are due to be held between 16 April to 31 July 2020 may alternatively choose to defer the meetings by up to 60 days, as previously announced by ACRA and SGX RegCo.