An issuer must appoint two authorised representatives who must be either directors or a director and the company secretary.
The responsibilities of an authorised representative are as follows: —(1) To be the principal channel of communication between the Exchange and the issuer at all times;(2) To supply the Exchange with details in writing of how he or she can be contacted, including home and office telephone numbers and, where available, facsimile numbers. The issuer must notify the Exchange of any changes to such details;(3) To ensure that whenever he or she is outside Singapore, suitable alternates are appointed, available and known to the Exchange, and to supply the Exchange with details in writing of how such alternates may be contacted, including their home and office telephone numbers and, where available, facsimile numbers; and(4) Not to terminate his or her role as authorised representative before notifying the Exchange of:—(a) the proposed termination; and(b) the name and relevant particulars of the replacement.
If the Exchange is not satisfied that the authorised representative is fulfilling his or her responsibilities adequately, it may require the issuer to terminate the appointment and appoint a replacement. The issuer must immediately notify the Exchange of the new authorised representative's appointment and relevant particulars.