Appointment Timeline of Equity Market Development Programme Manager, Reasons for Delay and Consistency of Award Terms and Performance Indicators

Mr Chua Kheng Wee Louis asked the Prime Minister and Minister for Finance (a) whether there has been any delay to the award of the next batch of Equity Market Development Programme (EQDP) managers, which was expected to be appointed around mid-2026; (b) if so, why; and (c) whether the terms of the award and performance indicators are set to be consistent across all EQDP managers.

Mr Gan Kim Yong (for the Prime Minister): The Monetary Authority of Singapore has appointed the third batch of five asset managers under the Equity Market Development Programme (EQDP) and will place S$1.45 billion with these managers. Minister Chee Hong Tat announced this on 29 September 2026.

The terms of the award and performance indicators for each manager are guided by a consistent framework that takes into account its alignment with the EQDP's objectives to strengthen the local asset management and research ecosystem, and crowd in investor interest in Singapore's equities market.