The Securities Commission Malaysia (SC) and the Securities and Futures Commission (SFC) Hong Kong yesterday jointly launched the Asia Pacific Takeovers Regulators Forum, which will incorporate the first e-platform in the region for takeovers regulators.
The forum is established following the inaugural Roundtable of Regional Takeovers Regulators, jointly organised by the SC and SFC in Kuala Lumpur in May 2012.
The e-platform is designed to facilitate the exchange of ideas, views and resources on takeovers and related matters among regional experts in takeovers regulation. The forum's membership is open to takeovers regulators only.
It is envisaged that through the online forum, members 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.
The SC is pleased to be part of this effort as it is imperative that regulators cooperate more in an increasingly globalised world and that investors have the same level of clarity and are treated in a consistently fair manner wherever they invest.