The ACMF also launched a framework on cross-border publication of research reports to facilitate better information flow of ASEAN capital market products as part of its ongoing efforts to promote professional mobility and wider investor participation in ASEAN capital market products and services which contribute towards greater regional connectivity.
Regulators from Malaysia, the Philippines, Singapore and Thailand signed today the Memorandum of Understanding (MoU) on Cross-border Publication of Research Reports. Other ACMF members are expected to participate in due course. This MoU complements the cross-border movement of investment advisers under the “ACMF Pass” initiative launched in 2018, allowing ASEAN investors greater access to professional services.
A revised MoU on the Streamlined Review Framework for ASEAN Common Prospectus was also signed by Malaysia, Singapore and Thailand to cover issuances of plain debt securities under a debt issuance programme. This is an extension of the existing streamlined review process, which caters for equities and one-off issuance of plain debt securities to allow issuers making cross-border offerings to achieve faster time to market and lower cost.
As interest and adoption of digital assets continue to grow, the ACMF has agreed to strengthen regional collaboration in this sphere, with a view towards addressing potential risks and ensuring market resilience.
The ACMF commended significant progress made by the Philippines to join the ASEAN Collective Investment Scheme (ASEAN CIS) framework aimed at driving cross-border offerings of CIS across the region.
The ACMF members remain committed to collectively continue these efforts to build a holistic ecosystem for sustainable growth and create connectivity, inclusiveness and resilience of ASEAN capital markets.
