Singapore’s central bank said Wednesday that the 10 Southeast Asian nations has introduced a standards scheme for cross-border offerings of securities.

Map of the 10-nation ASEAN group.

The scheme comprises a set of common ASEAN standards for the registration of prospectuses or registration statements and additional requirements.

“The scheme brings ease and cost savings to issuers who make offerings in more than one ASEAN country. The offering process is streamlined as issuers will only be required to issue a common set of disclosure documents, together with the appropriate wrap-around for the additional requirements, to investors in each jurisdiction, ” said MAS.

MAS said it is currently working with other members of the ASEAN Capital Markets Forum on implementing the scheme. The Forum comprises the heads of securities regulators in the region.

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Vietnam and the Philippines.

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