Mobility of Asean capital market professionals mulled
The Asean Capital Markets Forum (ACMF) will explore efforts towards facilitating the movement of capital market professionals as part of the initiatives to further integrate the regional capital markets.
"An important element of greater regional integration is the mobility of capital market professionals within the region," the ACMF said in a statement released today. It promised to seek consultation with industry players in the region.
The mobility is part of the ACMF Annual Implementation Plan 2016 (Annual Plan 2016), which sets out ACMF’s immediate priorities for the year, during its 24th meeting hosted by the Securities and Exchange Commission Thailand. It is part of the five-year plan (2016-2020), to help realise the Asean Economic Community Vision 2025 of deepening economic integration over the next ten years.
At this meeting, ACMF welcomed the progress of the framework for cross-border offering of Asean collective investment schemes: 13 funds have been recognised by their home jurisdictions as Qualifying Asean Collective Investment Schemes to date, five of which have been successfully approved and launched in a host jurisdiction.
To further accelerate implementation of initiatives that facilitate cross-border offering of collective investment schemes, cross-border fundraising and Asean stock exchange connectivity, three specific industry consultative panels were formed. ACMF has also partnered with Asian Development Bank to commission a study to provide input on the Asean stock exchange connectivity. It also vows to work with the industry panels to further engage domestic and international stakeholders to elevate the profile of Asean as an investment destination and promote Asean as an asset class whilst raising the visibility of ACMF initiatives to generate wider participation.
