SGX RegCo streamlines obligations of designated market-makers for exchange traded funds

28 January 2026

On 1 December 2025, the Singapore Exchange Securities Trading Rules (“SGX-ST Rules”) were amended to implement changes to the obligations of designated market-makers (“DMMs”) for exchange-traded funds (“ETFs”) listed and/or quoted on the Singapore Exchange Securities Trading Limited. 

With the amendments, the administrative requirements for notification and announcement when ETF DMMs cease, or resume, bid and offer quotations have been removed. This change aligns Singapore’s market practices with those of other global markets. 

Singapore Exchange published a consultation paper on 5 September 2025 seeking feedback on the changes. Its response to the feedback received was published on 13 November 2025. 

Reference materials 

The Response Paper on ETFs: Proposed Changes to the Obligations of Designated Market-Makers is available on the Singapore Exchange website www.sgx.com.