2005 Protocol to Implement the Third Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services

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Additional Annexes	2005-AFAS-FSL-3-Annex-SC.pdf
Full Title	2005 Protocol to Implement the Third Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services
Short Title / Abbreviations	AFAS 3rd Package on Financial Services / AFAS FS 3
CIL Subject Classification	ASEAN Documents ASEAN Economic Community ASEAN Free Trade Area Finance Services
Date of Adoption	06/04/2005
Place of Adoption	Vientiane, Lao PDR, 10th ASEAN Finance Ministers Meeting (AFMM)
Issued/Adopted by	Finance Ministers of ASEAN
Dispute settlement provisions	This Protocol is one of the ‘Covered Agreements’ pursuant to Article 1.1 of the 2019 ASEAN Protocol on Enhanced Dispute Settlement Mechanism read together with its Appendix 1. The 2019 Protocol will only apply with respect to new requests for consultations made on or after its entry into force (20 June 2022). Paragraph 4: “This Protocol and its Annexes shall form an integral part of the [1995] ASEAN Framework Agreement on Services.” Article VII ‘Settlement of Disputes’ of the 1995 ASEAN Framework Agreement on Services: “1. The [1996] Protocol on Dispute Settlement Mechanism for ASEAN shall generally be referred to and applied with respect to any disputes arising from, or any differences between Member States concerning the interpretation or application of, this Framework Agreement or any arrangements arising therefrom. 2. A specific dispute settlement mechanism may be established for the purposes of this Framework Agreement which shall form an integral part of this Framework Agreement.” The 1995 ASEAN Framework Agreement on Services is also one of the “Covered Agreements’ pursuant to Article 1.1 of the 2004 ASEAN Protocol on Enhanced Dispute Settlement Mechanism read together with its Appendix I. The 2004 Protocol will only apply with respect to disputes that arose after its entry into force (29 November 2004).
Depository	Secretary-General of ASEAN
Annexes	Horizontal Commitments Indonesia Viet Nam Schedule of Specific Commitments Brunei Darussalam Cambodia Indonesia Lao PDR Malaysia Myanmar Philippines Singapore Thailand Viet Nam Most Favoured Nation Exemptions (Text not available)
Entry Into Force Status	In Force
Source	ASEAN Legal Instruments
Date of Entry into Force	08/09/2008
Entry into Force / Termination Provisions	Paragraph 5: “This Protocol shall enter into force upon the deposit of instruments of ratification or acceptance by all signatory governments with the Secretary-General of ASEAN, which shall be done not later than 31 December 2005”
Status
ASEAN States	(Source: ASEAN Legal Instruments as of 07/05/2026)
Brunei Darussalam	Signature 06/04/2005 Ratification 11/05/2006
Cambodia	Signature 06/04/2005 Acceptance 11/01/2007
Indonesia	Signature 06/04/2005 Ratification 08/09/2008
Lao PDR	Signature 06/04/2005 Ratification 27/02/2008
Malaysia	Signature 06/04/2005 Ratification 02/06/2005
Myanmar	Signature 06/04/2005 Ratification 09/02/2006
Philippines	Signature 06/04/2005 Ratification 03/03/2006
Singapore	Signature 06/04/2005 Ratification 06/01/2006
Thailand	Signature 06/04/2005 Ratification 27/02/2006
Vietnam	Signature 06/04/2005 Acceptance 01/03/2006
Timor Leste
Related Instruments
Protocols / Amendments to this instrument	2008 Protocol to Implement the Fourth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services 2011 Protocol to Implement the Fifth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services 2015 Protocol to Implement the Sixth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services 2016 Protocol to Implement the Seventh Package of Commitments on Financial Services Under the ASEAN Framework Agreement on Services 2019 Protocol to Implement the Eighth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services Commitments under the 1995 ASEAN Framework Agreement on Services and its protocols will be terminated in phases by the 2020 ASEAN Trade in Services Agreement.
This instrument amends/supersedes	1995 ASEAN Framework Agreement on Services The first Package of Commitments on Financial Services was made in the 1998 Protocol to Implement the Second Package of Commitments under the ASEAN Framework Agreement on Services 2002 Protocol to Implement the Second Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services
Related Instruments	2009 ASEAN Mutual Recognition Arrangement Framework on Accountancy Services 2014 ASEAN Mutual Recognition Arrangement on Accountancy Services WTO General Agreement on Trade in Services
External Links	ASEAN Secretariat accessed on 07/05/2026
Additional Information	Dates of ratification and accession given above were obtained from the ASEAN Secretariat’s Legal Instruments website and its electronic collection of instruments of ratification, accession and notification. Some of the dates given appear to be the dates of execution of the instruments of ratification/accession, rather than their date of receipt by the depository. The text of the Protocol indicates that its annexes include Horizontal Commitments, Schedule of Specific Commitments, and Lists of Most-Favoured Nation Exemptions. However, only Horizontal Commitments and the Schedule of Specific Commitments are available on the ASEAN Secretariat website.
Last Updated on	07/05/2026