The ASEAN Capital Markets Forum (ACMF) is a high-level grouping of capital market regulators from all 10 members of the Association of Southeast Nations (ASEAN) – Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

Established in 2004 under the auspices of the ASEAN Finance Ministers, the primary responsibility of the ACMF is to develop a deep, liquid and integrated regional capital market to achieve the regional capital market integration under the ASEAN Economic Community (AEC) 2015 framework.

The Securities and Exchange Regulator of Cambodia (SERC) has been a member of the ACMF since 2012.

Regional development

The ACMF meets twice a year, and it is being chaired by the SERC in 2022.

The chairmanship of the ACMF is rotated in alphabetical order.

There are currently seven working groups under the ACMF.

To support and promote regional development through preparation and responses to the rapid development of the market in the era of globalisation and digitalisation, it requires a clear action plan with a long-term vision for developing the capital market in the region.

To achieve this strategic goal, the ACMF has put in place the strategic goals of the ACMF vision 2025 in two stages.

The first stage was implemented through the ACMF action plan 2016-2020, while the second stage will be carried out through the ACMF action plan 2021-2025.

The ACMF identified three strategic objectives:

(i) Fostering growth and recovery with sustainability;

(ii) Promoting and sustaining inclusiveness;

(iii) Strengthening and maintaining orderliness and resilience. In addition, the ACMF also identified five key priorities with which to support the strategic objectives under the Action Plan 2021-2025:

(i) Driving higher levels of transparency and disclosure;

(ii) Continuing with regulatory harmonisation;

(iii) Intensifying capacity building;

(iv) Amplifying communication and awareness building;

(v) Strengthening cooperation and coordination

Role of SERC in the ACMF

As chair of ACMF 2022, SERC has set three priority actions focusing mainly on sustainability, inclusiveness and resilience, which parallel the short and medium-term actions in the ACMF Action Plan 2021-2025 to ensure

that all members benefit from the high-level working group, the ACMF.

In addition, as the chair and secretariat of the ACMF in 2022, SERC is in charge of organising, coordinating and leading the meetings under the ACMF frameworks and representing ACMF when attending other international meetings.

Prepared by: Department of Research, Training, Securities Market Development and International Relations, Securities and Exchange Regulator of Cambodia.

Email: [email protected].

Tel: 023 885 611.