The Securities and Futures Commission (SFC) launched yesterday the Asia Pacific Takeovers Regulators Forum, an e-platform jointly set up and hosted with the Securities Commission, Malaysia.
The forum is designed to facilitate the exchange of ideas and views regarding takeovers and related matters among regulators in the Asia-Pacific region. The forum’s membership is open to takeovers regulators only.
Through the exchange of ideas and views, member regulators will be able to:
- promote and develop the transparent and fair conduct of takeovers activities in their own markets;
- learn from the experience of others to assist in the development of regulation in
their countries; - protect the public in their countries against financial losses arising from malpractice
in takeovers.
"In today’s increasingly interlocking financial markets, it is important that regulators exchange information regularly to facilitate industry development and adapt global standards to local situations," said Mr Brian Ho, the SFC’s Executive Director of Corporate Finance. "We are pleased to help kick-start this forum and we look forward to active participation by fellow regulators."
The concept of the forum was first floated at the Inaugural Roundtable of Regional Takeovers Regulators Conference held in Kuala Lumpur, Malaysia, in May 2012.