Singapore central bank seeks feedback on legal changes to facilitate dual listings on SGX and NASDAQ

SINGAPORE, Jan 9 (Reuters) - Singapore's central bank on Friday launched a public consultation on proposed changes to securities laws aimed at facilitating dual listings on ?the Singapore Exchange and Nasdaq.

The proposed amendments include allowing ?issuers to use a single prospectus across ?both jurisdictions and shortening Singapore's registration ?process to ?align IPO timelines with the United States, the Monetary ?Authority of Singapore said ?in a statement.

They also seek to permit certain activities common in the United ?States, such as ?forward-looking ?statements and share buybacks under safe harbour provisions, according to the statement. The amendments will facilitate ?the formation of a Global Listing Board by the Singapore Exchange, aimed at making the local bourse more attractive to issuers.

Separately, the Singapore Exchange's regulatory unit ?also launched ?a public consultation for the listing rulebook for the Global Listing Board.

Among ?other requirements, the market regulator is proposing that issuers allocate a minimum of 5% or S$50 million ($38.9 million) of their offerings to designated retail brokerages and that issuers ensure that disclosures ?made in the United States are also released on SGXNet in a timely manner.

($1 = $1.2861 Singapore dollar) (Reporting by ?Jun Yuan Yong; Editing by David Stanway)