The Asian Banker

Willing participation key to unlocking ASEAN investment potential
Malaysia, Singapore and Thailand took one step closer to achieving regional capital market integration by agreeing to facilitate cross-border ASEAN CIS offering.

Oct 08, 2013 | Magessan Raj

Having witnessed Bursa Malaysia, the Singapore Exchange and Stock Exchange of Thailand start cross-border trading via the ASEAN Trading Link late last year, financial authorities of all three countries took yet another step towards achieving regional capital market integration, by agreeing to facilitate cross-border offering of collective investment schemes (CIS) to retail investors in Malaysia, Singapore and Thailand. Securities Commission (SC) Malaysia, Monetary Authority of Singapore (MAS) and Securities and Exchange Commission (SEC) Thailand signed an MoU to establish the ASEAN CIS framework last week. Set to take effect in 1H 2014, the framework will enable a CIS approved as ASEAN CIS-compliant by an ASEAN regulator to be sold within participating ASEAN member countries through local intermediaries.

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Categories: Capital & Strategic Issues, Exchanges, Malaysia, Markets & Exchanges, Regulation, Risk and Regulation, Singapore, Thailand, Trading & Data
Keywords: ASEAN, CIS, SC Malaysia, Datuk Ranjit Ajit Singh, MAS, SEC Thailand, ACMF, AEC Blueprint 2015
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