The Monetary Authority of Singapore (MAS) and the Securities and Exchange Commission of Thailand (SEC) today signed a letter of intent (LOI), setting out initiatives for bilateral cooperation in the regional capital market.
2. These initiatives include the establishment of cross-border trading of collective investment funds, mutual recognition of professional qualifications and certification of financial professionals working in the field of securities, and exploration of cross-border trading linkages between Singapore and Thailand.
3. The LOI also underlines the commitment of the two regulators to explore several mutual recognition ideas to further develop their capital markets. This bilateral regulatory cooperation will also complement ongoing efforts of Singapore and Thailand to explore alliance possibilities and strengthen the regional securities market through such tools as the ASEAN Capital Markets Forum and the ASEAN Equity Index Development.
See full Press Release.
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