Singapore Post Limited was listed on the mainboard of the Singapore Exchange (SGX-ST) on 13 May 2003. Singapore Post is the first Public Postal Licensee. TAS granted the licence in 1992 in accordance with section 42 of the Telecommunication Authority of Singapore Act 1992. As a licensee, Singapore Post is empowered to operate postal services with the exclusive privilege of receiving, collecting and delivering letters and postcards from one place to another until 31 March 2007.