The International Organization of Securities Commissions (IOSCO)
The International Organization of Securities Commissions (IOSCO) was founded in 1974 as a pan-American organisation and has been open to global membership since 1985. The organisation has almost 200 members, consisting of regular and associate members (the majority of which are supervisory bodies) and so-called affiliate members (mainly stock exchange organisations). The supreme body is the Presidents’ Committee (PC), and executive management is in the hands of the Executive Committee (EC). These bodies have set up two sub-committees: the Technical Committee (TC) and the Emerging Market Committee (EMC), which perform the actual technical work of the organisation. Each of these has five permanent working groups (Standing Committees, SC) and ad hoc task forces for special projects reporting to it. Specific regional issues are dealt with in the four Regional Standing Committees. Finally, the SRO Consultative Committee (SRO-CC), whose membership consists mainly of stock exchanges, ensures an ongoing dialogue with practising professionals in the securities markets. The SFBC has been a regular member of IOSCO and its Technical Committee (but not the Executive Committee) since 1996. It regularly attends the meetings of the Presidents’ Committee, the Technical Committee, the relevant Standing Committees and the Regional Committee for Europe. SWX Swiss Exchange is a member of the SRO-CC. The aims of IOSCO are principally investor protection, ensuring fair, efficient and transparent markets, preventing systemic risk, promoting international collaboration and preparing uniform standards for market supervision. |
