Loading…
CMFASPrepStudyingRES5
Switch exam
Financial advisory
RES5Financial Advisory Services✓Comparing the Mainboard and Catalist: (a) the Mainboard is exchange-regulated and supervised, whereas Catalist is exchange-regulated but sponsor-supervised. (b) a Mainboard IPO must allocate at least 5% of the securities offered, or S$50 million in value, whichever is lower, to the public subscription tranche. (c) for Catalist secondary offerings, the non-pro-rata threshold is 50% to 100% and the pro-rata threshold is 100%. (d) Catalist imposes quantitative admission criteria set by SGX-ST. Which of the following are CORRECT?
Guide Table 1.4.6.3 and Mainboard Rule 233A(1): the public tranche minimum is the lower of 5% or S$50 million. Under a general mandate, Mainboard issues are capped at 50% of issued shares in total, of which at most 20% may be non-pro-rata (Mainboard Rule 806(2)). Catalist allows up to 100% in total, of which up to 50% may be non-pro-rata under an ordinary-resolution mandate, or up to 100% on either basis under a special-resolution mandate (Catalist Rule 806(2)). Catalist has no quantitative admission criteria: Catalist Rule 406 sets no minimum operating track record, profit or share capital requirement, and the sponsor decides suitability.
Catalist: no quantitative criteria, higher fund-raising thresholds.
Practise more RES 1A SGX Listing Framework & Securities-Specific Rules questions
Exam-style questions with worked answers, then full timed mocks. Free to start.
Try a timed set: sit the free CMFAS mock exam, 5 questions with no sign-up. Or see the passes for the full question bank.
Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.
Start practising →Original study material mapped to the public CMFAS RES 1A syllabus. Unofficial, not endorsed by MAS or IBF. Verify figures and rules against current guidance before relying on them.