ASEAN Capital Market Regulators Approves Setting Up Of Working Group

KUALA LUMPUR, Sept 9 (Bernama) -- ASEAN capital market regulators have approved the establishment of a working group on professional mobility based on the strong positive feedbacks from market participants. In a statement Friday, the Securities Commission Malaysia said the working group was designed to introduce rules to facilitate cross-border movement of capital market professionals on a phased basis. The decision on the setting up of the working group was achieved during the 25th ASEAN Capital Markets Forum (ACMF) meeting in Jakarta, Thursday. During the meeting, ACMF members also agreed to intensify efforts to promote ASEAN asset classes. The ACMF also agreed to introduce an annual ASEAN Capital Market Conference as a platform to discuss opportunities in ASEAN capital markets and to showcase ASEAN asset classes. "The ACMF will work with its dialogue partners and key industry participants to launch the inaugural conference in the first half of 2017," it said. ACMF Chair Ranjit Ajit Singh said it is imperative that major ASEAN investors lead the way by creating mandates for investing in ASEAN asset classes. "Discussions with international dialogue partners and industry participants have shown that there is now a confluence of opportunities to promote investment in ASEAN asset classes through the creation of ASEAN-specific indexes and an extensive range of investable ASEAN capital market products," he said. The ACMF was hosted by the Indonesian Financial Services Authority. -- BERNAMA