Strengthening ASEAN Capital Market Development and Integration. Actions:
i. Achieve greater harmonisation in capital market standards in ASEAN in the areas of offering rules for debt securities, disclosure requirements and distribution rules;
ii. Facilitate mutual recognition arrangement or agreement for the cross recognition of qualification and education and experience of market professionals;
iii. Achieve greater flexibility in language and governing law requirements for securities issuance;
iv. Enhance withholding tax structure, where possible, to promote the broadening of investor base in ASEAN debt issuance; and
v. Facilitate market driven efforts to establish exchange and debt market linkages, including cross-border capital raising activities.