CFA Institute and CFA Society Singapore provide perspectives in relation to the consultation paper issued by the Singapore Exchange on the proposed listed framework for special purpose acquisition companies.

In preparation of this response, CFA Society Singapore and CFA Institute held two virtual roundtable discussions, on 19 and 20 April 2021, to gather insight and views from members of CFA Society Singapore and financial professionals with relevant expertise. CFA Society Singapore also gathered views from its members via an online survey.

The responses to the questions that follow are rooted in the principles of promoting market integrity and investor protection, which guide our advocacy efforts globally. They take into account relevant regulations and practices in other markets, while aiming to reflect the characteristics of the Singapore financial market and its prominent role in the region.