Myanmar delegation attends 37th ASEAN Capital Markets ForumACMF Chairs’ Meeting, International Conference

 

THE 37th ASEAN Capital Markets Forum-ACMF Chairs’ Meeting and International Conference took place in Phnom Penh, Cambodia on 27 and 28 October.

The Myanmar delegation led by Deputy Minister for Planning and Finance, Chairman of the Securities and Exchange Commission of Myanmar U Maung Maung Win attended the meeting and conference.

They discussed development activities of Myanmar’s capital market according to relevant topics and exchanged views.

Chairman of the Securities and Exchange Commission of Cambodia Mr Sou Socheat provided the 37th ASEAN Capital Markets Forum-ACMF Chairs’ Meeting and International Conference and Chief Executive Officer Mr Inarno Djajadi from Financial Agency of Indonesia acted as a Co-chair.

Delegates from Capital Market Supervisory Commission from ASEAN countries, ASEAN Secretariat, the Asian Development Bank and partner organizations attended the meeting.

In this meeting, officials discussed ability to open and hold workshops and trainings in cooperation with international organizations so as to improve the capacity of high-ranking officials of the capital market in the ASEAN region, exchange of trainees to business courses, cooperation among international organizations in establishment of disclosure standards that are the basis of international financial reporting standards, issues to prioritize ASEAN bond standards applied in the ASEAN capital market, participation of ASEAN member countries in the collective investment framework to make investment opportunities with more attraction, and awarding ceremony in the Philippines on 1 December, 2022 for the companies listed on the Stock Exchange in the ASEAN region based on the corporate governance evaluation.

The alternate chairmanship of the ASEAN Capital Markets Forum was handed over to Indonesia.

The ASEAN Sustainability-Linked Bond Standards, The ASEAN Sustainable and Responsible Fund Standards, and The ASEAN CIS Digital Repository and Legal Wrappers for the SDG Bond Toolkit agreed by the ACMF Chairs’ Meeting and International Conference were opened by the heads of commissions from the 10 ASEAN countries.

The processes negotiated in this forum will be submitted to the ASEAN Finance Ministers’ Meeting to be held in Indonesia next year.

The ASEAN Capital Markets Forum is a high-level meeting of capital market regulators from ASEAN countries on the development of regional capital markets.

MNA

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