NST Business
KUALA LUMPUR: The Asean Capital Markets Forum (ACMF) has endorsed its Professional Mobility framework to facilitate cross-border movement of investment advisers and the publishing of research reports.
In a statement, the ACMF — a high-level grouping of capital market regulators from all 10 Asean jurisdictions — said it will formalise the arrangements under the framework in the second half of 2018.
The ACMF commended the pilot initiative to connect the stock markets of Malaysia and Singapore which could act as a template for future connectivity amongst Asean stock markets, the statement added.
The ACMF also agreed to carry out a series of engagements with market participants on further developing the cross border offering of Asean collective investment schemes (CIS) to complement the recently enhanced Asean CIS framework.
At its meeting in Vietnam today, the ACMF also welcomed the progress achieved by the Asean Green Bond Standards. Since its launch in November 2017, there have been three issuances from Malaysia and Singapore carrying the Asean Green Bond label.
“The progress of the Asean Green Bond Standards demonstrates the region’s increasing emphasis on sustainable financing and underscores the capacity of the Asean Green Bond Standards in providing guidance to issuers on issuing green bonds and investors with a credible reference point,” the statement said.