Tuesday March 3 2015
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.theacmf.org/ACMF/upload/acmf_pr_endorsed.pdf
The ASEAN Capital Markets Forum (ACMF) announced today that the Securities Commission Malaysia (SC), the Monetary Authority of Singapore (MAS), the Securities and Exchange Commission (SEC), Thailand and the Singapore Exchange (SGX) have signed a Memorandum of Understanding (MoU) to establish a Streamlined Review Framework for the ASEAN Common Prospectus.
The Streamlined Review Framework, will enhance ASEAN’s attractiveness as a fund-raising centre.
Issuers planning to offer or list equity or plain debt securities can now expect a shorter time-to-market and faster access to capital across signatory countries through a streamlined review process.
The MoU expect that the Framework will be in implementation by the third quarter of 2015 coupled with the issuing of a handbook.
The member countries also endorsed the ASEAN Capital Market Development Programme, aimed at extending mutual assistance to all markets within the region to facilitate individual and regional market development.
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