sending in line application. The banking and financial sector will be affected directly. Self-adjustment must be made and new forms of business must be found to cope with this likely trend as it could

when they establish their private contractual relations. This corporate governance framework typically comprises elements of legislation, regulation, self-regulatory arrangements, voluntary commitments

exchanged views on feasible ways to promote cross-border investment between the capital markets of both countries.In addition, the meeting agreed to look into the possibility of enhancing cross-border

readiness, robustness and flexibility for coping with the possibility of severe impacts and fluctuation. This is to ensure that opportunities would not be lost and optimum benefits could be gained from the

forthcoming liberalization within five years. Message from the Secretary-General 4 not only empowered businesses but also furthered the moves toward the SEC's much anticipated self- regulation. On social

. Insider trading is prohibited and other types of self-dealing and conflicts of interest are regulated. The SEC actively monitors the market for abusive practices. Institutional investors regularly vote

As a result of the current situation, business operators have to self-adjust in response to technological disruption, the changing environment, and investors’ changing behaviors in order to

discussed about possibility in  developing other cross-border products, such as depositary receipts (DR) and infrastructure funds, as well as further cooperation in exchanging information for supervision, by

2019 Chairmanship, “Advancing Partnership for Sustainability”. The ACMF Deputies’ Meeting also discussed on the possibility to accept the Philippines as a new member of the ASEAN CIS to further promote

-based crowdfunding framework which launched last May is now gaining interests from various parties. In addition, the SEC is looking at the possibility to allow automated portfolio management advice, also