The Professional Mobility Framework divides into 2 schemes, namely the ACMF Pass and the Cross-Border Publication of the Research Report.
The ACMF Pass on professional mobility was established to foster greater mobility of capital market professionals in the region and to enhance connectivity by allowing more services to be provided to investors across ASEAN by regional capital market professionals. The MoU on ACMF Pass was signed by 4 signatories, including the Philippines, Malaysia, Singapore and Thailand and became effective in January 2019.
The Cross-Border Publication of the Research Report was established to facilitate investor to have greater and easier access to reliable information on ASEAN capital market products. Now, the scope of this scheme covers research report on listed share, bond and CIS and sukuk. The MoU on the Cross-Border Publication of the Research Report was signed by 4 signatories, including the Philippines, Malaysia, Singapore and Thailand. The original MoU became effective in July 2019. After that, the original MoU was amended to extend the scope to cover sukuk and the amended MoU which is also the current MoU became effective on September 2019.