On 19 June 2024, the Singapore Exchange Regulation (“SGX RegCo“) issued the “Guidance Note on Change of Auditors” setting out its approach towards assessing an application by an issuer listed on SGX-ST (“issuer“) for a change of auditors (“Application“).
This Update highlights two key points covered under the Guidance Note, namely:
- the requirement that issuers must submit a Change of Auditors Checklist, together with the Application; and
- the minimum information that issuers must disclose in its circular issued to shareholders for them to consider when voting on a change of auditors.
For more information, click here to read the full Legal Update.
Disclaimer
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Please note also that whilst the information in this publication is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as legal advice or a substitute for specific professional advice for any particular course of action as such information may not suit your specific business and operational requirements. You should seek legal advice for your specific situation. In addition, the information in this publication does not create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on the information in this publication.
