International Organization of Securities Commissions

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International Organization of Securities Commissions

Founded	1983
Headquarters	Madrid, Spain
Key People	Greg Tanzer, Secretary General
Products	Trade organization
Web site	http://www.iosco.org/

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The International Organization of Securities Commissions (IOSCO) was formed in 1983 as the international "standard setter" for securities markets. While it is without actual authority over its national regulator members, IOSCO has enunciated basic principles that should form the basis for financial market regulation globally. Despite the fact that it is inherently a consensus-seeking organization, IOSCO is currently contemplating whether implementation of IOSCO principles should be a condition for membership. ^[1] IOSCO's membership regulates more than 90% of the world's securities markets. In some circles, IOSCO is considered the world's most important international cooperative forum for securities regulatory agencies. IOSCO members regulate more than 100 jurisdictions.

Recent History

In 1998, IOSCO adopted a comprehensive set of objectives and principles of securities regulation (IOSCO Principles).

In 2003 the organization endorsed a comprehensive methodology (IOSCO Principles Assessment Methodology) that enables an objective assessment of the level of implementation of the IOSCO Principles in the jurisdictions of its members and the development of practical action plans to correct deficiencies.

In 2002 IOSCO adopted a multilateral memorandum of understanding (IOSCO MOU) designed to facilitate cross-border enforcement and exchange of information among the international community of securities regulators.

In 2005 IOSCO endorsed the IOSCO MOU as the benchmark for international cooperation among securities regulators and set out strategic objectives to expand the network of IOSCO MOU signatories by 2010. IOSCO provides comprehensive technical assistance to its members, in particular those which regulate emerging securities markets.