SGX to implement post-trade custody model from mid-July; lower board lot sizes in early October

Felicia Tan07-01

The reductions to board lot sizes will remain even if stocks fall below the stipulated thresholds.Following public consultations on initiatives such as the post-trade custody model and reducing board ...

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board lot sizes in early October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-01 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/eqdp/sgx-implement-post-trade-custody-model-mid-july-lower-board-lot-sizes-early-october?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The reductions to board lot sizes will remain even if stocks fall below the stipulated thresholds.Following public consultations on initiatives such as the post-trade custody model and reducing board ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/eqdp/sgx-implement-post-trade-custody-model-mid-july-lower-board-lot-sizes-early-october?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source 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(SGX) announced, on July 1, that it will allow depository agents to hold SGX-listed securities on behalf of clients in omnibus broker custody accounts from July 15.\nAccording to the bourse, the adoption of broker custody accounts continues to increase with six accounts opened for every direct account opened with the Central Depository (CDP) from October 2024 to April 2026.\n\"This change aligns Singapore's custody structure with global practice and is expected to make Singapore more attractive for international intermediaries and provide investors with more choices,\" says SGX.\nIts regulatory arm, Singapore Exchange Regulation (SGX RegCo), will also subject depository agents to enhanced requirements and oversight to ensure retail investors opting for broker custody accounts are well served. At the same time, brokers and depository agents are expected to adhere to \"minimum service standards\" to facilitate the exercise of shareholder rights by their clients.\nSubject to SGX RegCo's approval, depository agents will be given some time - till the end of this year - to comply with these standards such as the handling of corporate actions and assisting attendance at shareholder meetings.\nReduction of board lot sizes\nSGX will also reduce its standard board lot size for certain counters from Oct 5.\nFrom then on, board lot sizes will be lowered from 100 units to 10 units for instruments priced above $10 and up to $100, as well as from 100 units to one unit for instruments priced above $100.\nThe initial reduction will take place for 11 stocks priced above $10. These stocks accounted for 35% of trading activity in the first six months of this year, says SGX. They are (in alphabetical order): DBS Group Holdings, Great Eastern Holdings, Haw Par Corporation, Jardine Cycle & Carriage, Jardine Matheson Holdings, Keppel Limited, Oversea-Chinese Banking Corporation (OCBC), Prudential PLC, SGX, United Overseas Bank (UOB) and Venture Corporation.\nThe exchange will conduct quarterly reviews to see if additional instruments qualify for a reduced board lot size. The next review will take place in January 2027 and consider daily close prices from July to December this year.\nAny changes to the board lot size will be announced within the first five trading days after the end of each calendar quarter and implemented within the first five trading days of the second month after the quarter.\nThe reductions will remain even if stocks fall below the $10 and $100 thresholds.\nMinimum bid sizes for securities contracts\nFinally, the minimum bid sizes for HKD-, RMB- and JPY-denominated securities contracts listed on SGX will no longer be aligned with those in their home markets from July 15. HKD refers to the Hong Kong dollar while RMB refers to the Chinese renminbi. JPY is, of course, the Japanese yen.\nChanges to the minimum bid size will be communicated to members in advance, by way of a circular.\nSee also:\n\nSGX RegCo rolls out public consultation to support wider adoption of broker custody accounts\nSGX to reduce board lot sizes to 10 units for securities above $10\nSmaller board lots: the race to $10 starts at 10","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.0","shortVersion":"4.45.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648522326","isCrawlerRequest":true}