KUALA LUMPUR, March 20 (Bernama) -- The ASEAN Capital Markets Forum (ACMF) chaired by the Securities Commission Malaysia (SC) this year represents an opportunity to advance regional collaboration and build better connected and resilient capital markets within ASEAN.
SC chairman Datuk Mohammad Faiz Azmi said that in conjunction with Malaysia’s ASEAN chairmanship in 2025, the SC assumed the chair of the ACMF, which is a regional grouping of securities and capital market regulators.
In line with the ASEAN 2025 theme of Inclusivity and Sustainability, the ACMF agenda for this year includes the release of the ASEAN Taxonomy Version 4 (through ACMF’s participation in the ASEAN Taxonomy Board) as well as securing ASEAN ministerial endorsement of the ASEAN Transition Finance Guidance Version 2, he said.
"In addition, we will push to develop a taxonomy for Mitigation, Adaptation, Resilience and Sustainable Finance (MARS)," he said in the Chairman's Message in the SC’s 2024 Annual Report released today.
Mohammad Faiz said the ACMF will also focus on finalising the five-year ACMF Action Plan 2026-2030.
He highlighted that this year, the SC will begin the process of shaping views and insights for the long term, including vision and objectives, in developing the Capital Market Masterplan 4 (CMP4), which will succeed CMP3 (2021-2025).
"The underlying objective of CMP4 will be to ensure the Malaysian capital market remains competitive and resilient amid economic, social and technological changes," he noted.
Alongside this, in 2025, Malaysia will undergo two key assessments, which are the Financial Action Task Force (FATF) Mutual Evaluation, which is conducted every seven to 10 years, and the biennial Corporate Governance (CG) Watch for the Asia Pacific region, he said.
He said the FATF assessment of Malaysia will be crucial for the country's global reputation and investment attractiveness because a less favourable report may lead to global financial institutions reducing or, worse, halting transactions with local financial intermediaries.
He added that it was equally important to maintain or improve the country's previous ranking in the CG Watch 2025, particularly in the categories of Auditors and Audit Regulators, CG Regulations, and Listed Companies.
-- BERNAMA
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