Malaysia ‘s Securities Commission (SC) on October 30 signed a
memorandum of understanding (MoU) with the Autoriti Monetari Brunei
Darussalam (AMBD) to facilitate mutual efforts in building capital
markets in Malaysia and Brunei , according to Bernama.
Signatories to the MoU were SC Chairman Ranjit Ajit Singh and AMBD Managing Director Paduka Mohd Rosli Sabtu.
In a statement released on the same day, SC said the MoU aims to
encourage greater cross-border activities, particularly in Islamic
capital markets.
SC Chairman Ranjit said the deal
will provide a framework for both parties to explore mutually-beneficial
opportunities to enhance greater access to the respective capital
markets, and promote investment activities aligned with the objectives
of ASEAN capital market integration.
He said: “This
collaborative partnership is an important initiative in our efforts to
grow our capital markets and to create greater channels for investor
participation in our respective markets, including in the area of
Islamic wealth management.”-VNA