FREQUENTLY ASKED QUESTIONS (FAQ) –
EXPEDITED REVIEW FRAMEWORK FOR SECONDARY LISTINGS
1. What is the Expedited Review Framework (Framework) for Secondary Listings and why was it developed?
This Framework is an initiative by the ASEAN Capital Markets Forum (ACMF) under its Implementation Plan endorsed by ASEAN Finance Ministers in 2009 to achieve the objective of facilitating greater integration of the region’s capital markets.
The ACMF’s Implementation Plan’s Strategic Initiatives provides that ACMF members and ASEAN exchanges would “take necessary steps to promote cross-listings on ASEAN exchanges.”
The objective of the Framework is to speed up the processing of secondary listing applications together with relevant disclosure/offer documents. The Framework has the effect of reducing the time-to-market for corporations seeking a secondary listing in a participating ASEAN country.
2. What