Representatives from South Asian countries will now make use of a “rulebook” to harmonize regulatory framework for capital markets throughout the region. This “rulebook” was a result of the efforts made by South Asian Federation of Exchanges (SAFE) which was funded by the U.S. Government with the assistance of United States Agency for International Development (USAID).
The rulebook can bring economic prosperity to the South Asian region by strong intra-regional links. Greg Gottlieb, Mission Director of USAID Pakistan handed over the rulebook to the representatives of member countries of South Asia Association for Regional Cooperation (SAARC).
Other Aims of SAFE include providing framework for the management and operations of capital and financial markets throughout South Asia, introducing consistent reporting standards, facilitating easier capital raising in member countries, enhancing market integrity and investor confidence regionally and promoting cross-border listings.