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
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
