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ASEAN Capital Markets Forum rolls out 5-year Action Plan

The ASEAN Capital Markets Forum (ACMF) endorsed the Action Plan for 2021-2025 during its recent 34th ACMF Chairs Meeting.
ASEAN Capital Markets Forum rolls out 5-year Action Plan ảnh 1At the event (Source: State Securities Commission of Vietnam)
Hanoi (VNA) – The ASEAN Capital Markets Forum(ACMF) endorsed the Action Plan for 2021-2025 during its recent 34th ACMF ChairsMeeting.

According to the ACMF’s release on the meeting, the ActionPlan sets out three strategic objectives namely fostering growth and recoverywith sustainability; promoting and sustaining inclusiveness; and strengtheningand maintaining orderliness and resilience.

The five key priorities that support the strategicobjectives are driving higher levels of transparency and disclosure; continuingwith regulatory harmonisation; intensifying capacity building; amplifyingcommunication and awareness building; and strengthening cooperation andcoordination.

The Action Plan builds on the ACMF Action Plan 2016 – 2020. It wasdeveloped with feedback from capital market participants and other stakeholdersto ensure that the it is inclusive and relevant, particularly amid the newnormal.

It will be presented to the ASEAN Finance Ministers at theASEAN Finance Ministers Meeting to be held at the end of this March forendorsement.

The 34th ACMF Chairs Meeting hosted virtually on March 15 discussedthe progress of the six short-to-medium term focus areas identified in theRoadmap for ASEAN Sustainable Capital Markets.

The ACMF is a high-level grouping of capital marketregulators from all ten ASEAN jurisdictions, namely Brunei, Cambodia,Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam./.
VNA

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