Sponsors are a key part of a Sponsor-supervised market. Sponsors are qualified professional companies experienced in corporate finance and compliance advisory work. They are authorized and regulated by SGX through strict admission and continuing obligation rules. These Sponsors will in turn determine the suitability of a company to list and supervise listed companies compliance with their continuing obligations in the rules.
Sponsors are the exclusive panel of corporate finance firms authorized by SGX to assess the suitability of companies to list on Catalist. They will have the opportunity to build their own franchise in the marketplace. Investors and prospective listed companies can now associate listed companies with the firms that brought them to market and are continually under their supervision. It is also an opportunity for Sponsors to create an enduring relationship with their clients over time.
A Sponsor may be authorized by SGX to act as a Full Sponsor or Continuing Sponsor (see diagram below). A Full Sponsor may engage in Introducing Activities i.e. activities relating to bringing an applicant to list on Catalist, as well as Continuing Activities i.e. activities relating to sponsorship of issuers who are already listed on Catalist. Continuing Sponsors will only be authorised to undertake Continuing Activities.
Rules for Sponsors – Full details of the admission and continuing requirements for Sponsors are in the Catalist rules, which can be found here.
