The Corporate Finance & Disclosures Department regulates: (i) the offering of securities, business trusts and collective investment schemes (including REITs); (ii) the conduct of takeover and merger transactions; (iii) the disclosure of interests in securities of listed entities; and (iv) SGX as a listed entity. It also supervises corporate financial advisers and rating agencies, and coordinates the Capital Markets Group’s regulatory approach to corporate and sustainability disclosures.