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BRIEF-SGX To Enhance Tools Used To Deal With Manipulation Risk In Stock Market

Reuters SG

Nov 28 (Reuters) - Singapore Exchange Ltd:

* TO ENHANCE TOOLS USED TO DEAL WITH MANIPULATION RISK IN STOCK MARKET BY RESTRICTING ACCOUNTS INVOLVED IN UNUSUAL ACTIVITIES IN A STOCK

* WILL ALSO ISSUE A TRADE WITH CAUTION ALERT ON SAME STOCK AT RISK OF MANIPULATION

* SGX REGCO HAS RECEIVED REQUESTS TO REVIEW MINIMUM TRADING PRICE RULE

* FOLLOWING REVIEW, PROPOSES THAT MINIMUM TRADING PRICE RULE BE REMOVED

* IMPROVEMENTS WILL BE MADE TO FINANCIAL WATCH-LIST WHICH SERVES TO ALERT INVESTORS TO FINANCIALLY WEAK COMPANIES

* PUBLIC CONSULTATION IS OPEN TILL 27 DEC

* SGX REGCO WILL NOT ADD COMPANIES TO MTP WATCH-LIST UNTIL AND UNLESS IT IS DETERMINED THAT MTP FRAMEWORK SHOULD BE RETAINED IN ITS CURRENT FORM Source text for Eikon: Further company coverage: