The Monetary Authority of Singapore is proposing new guidelines on short selling with an aim to enhance transparency on such transactions.

Under the new guidelines, market participants will need to report short positions that are equivalent to or more than 0.05% of the outstanding shares of the relevant class or S$1 million in aggregate value of the outstanding shares of the relevant class, among other things. Market participants will also be required to specifically disclose short-sell orders to the relevant exchange.

The regulator is seeking comments on the proposal up until Jan. 27, 2017.

As of Dec. 14, US$1 was equivalent to S$1.42.