Under the DR Linkage, depositary receipts representing securities listed on one market will be issued for trading on the other. The enhanced connectivity between the two markets will increase cross-border investment opportunities for investors.

“To promote development of cross-border products, SEC Thailand has put considerable efforts to revise rules and regulations related to DR issuance in Thailand, which entered into force on 16 June 2021. These amendments help to enhance flexibility for DR issuers and to increase investment options for investors. This initial collaboration between SGX and SET is a welcome addition to Thailand and Singapore cross-border development. SEC Thailand looks forward to the successive implementation and participation from market stakeholders. Meanwhile, we will continue to explore further collaborations with MAS in order to advance our capital markets development in the future,” said Ms Ruenvadee Suwanmongkol, SEC Thailand Secretary-General.

“This initiative demonstrates the collaborative efforts between Thailand and Singapore to improve the inter-connectivity between our two markets and provide investors access to a wider range of investment opportunities. We look forward to the successful introduction of DRs under the DR Linkage, and will continue to work closely with SEC Thailand to further enhance mutual connectivity and broaden investment selections for our investors,” said Mr Lim Tuang Lee, Assistant Managing Director (Capital Markets), MAS.

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For media queries, please contact:

MAS
Ms Eugenia Lee
Assistant Director (Communications)
Tel: +65 6229 8733
Email: eugenia_lee @mas.gov.sg

SEC Thailand

Ms Sasithorn Ongdee                                                        

Mobile: +66 89 200 1673
Email: Press@sec.or.th