One of the important decisions made at the 24th General Assembly was to expand the geographical coverage of the Federation from East Asia to Asia. With such decision, the name of the Federation has been changed from EAOSEF to AOSEF (Asia and Oceanian Stock Exchange Federation). Subsequently, the two new members (the Stock Exchange, Mumbai and the National Stock Exchange of India) were admitted, thus increasing the number of AOSEF members from 15 to 17.
The member exchanges presented their market reports and discussed such specific topics as the demutualization and IPO of exchanges. Specifically, the Bursa Malaysia made a presentation on Malaysian experiences in successfully concluding its IPO and self-listing. While explaining the backgrounds of its decision to go public, it was stressed that IPO is an opportunity for exchanges to secure the financial flexibility after the listing and to share with the investors the outcome of successful operation through the improved corporate governance and management transparency.
Regional issues requiring a further study by the AOSEF were identified. The members also agreed on the need for an in-depth analysis of the issues relating to the linkage between the member exchanges that are recently discussed by the governments in the region.
