IOSCO members report having principles
February 12, 2019

A report published today by the IOSCO Assessment Committee (AC) indicates that the implementation of the IOSCO Secondary and Other Market Principles is generally high across most of the member jurisdictions that the committee reviewed. 

The report on IOSCO Standards Implementation Monitoring (ISIM) on Secondary and Other Market Principles is based on an AC Review of 40 IOSCO member jurisdictions from both emerging and advanced markets. The ISIM programme calls for participating members to report the results of their self-assessments regarding the status of the implementation of selected IOSCO Principles and Standards. 

The main objective of the Review was to establish a global overview of the status of implementation of each of the five secondary and other market principles by participating member jurisdictions, based on their self-assessments. 

The Review identified gaps in the implementation of the five market principles, particularly in nascent and emerging market jurisdictions. The Review also offered examples of good practices in implementing these principles. The scope of the Review was limited to authorized exchanges and is based on information as of October 15 2018. 

The secondary and other market principles form part of IOSCO's 38 objectives and principles of securities regulation, which provide core elements of an essential regulatory framework for securities regulations.

The five principles (IOSCO Principles 33-37) seek to promote fair, efficient and transparent markets. Principles 33 and 34 refer to authorization, oversight and ongoing supervision requirements; Principle 35 covers transparency requirements; Principle 36 covers detection and deterring market misconduct; and Principle 37 deals with managing risks, such as monitoring large exposures, default procedures and short selling.

IOSCO says the gaps revealed during the Review indicate the need for the respective jurisdictions to consider further reforms to strengthen implementation of the principles.





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

A report published today by the IOSCO Assessment Committee (AC) indicates that the implementation of the IOSCO Secondary and Other Market Principles is generally high across most of the member jurisdictions that the committee reviewed. 

The report on IOSCO Standards Implementation Monitoring (ISIM) on Secondary and Other Market Principles is based on an AC Review of 40 IOSCO member jurisdictions from both emerging and advanced markets. The ISIM programme calls for participating members to report the results of their self-assessments regarding the status of the implementation of selected IOSCO Principles and Standards. 

The main objective of the Review was to establish a global overview of the status of implementation of each of the five secondary and other market principles by participating member jurisdictions, based on their self-assessments. 

The Review identified gaps in the implementation of the five market principles, particularly in nascent and emerging market jurisdictions. The Review also offered examples of good practices in implementing these principles. The scope of the Review was limited to authorized exchanges and is based on information as of October 15 2018. 

The secondary and other market principles form part of IOSCO's 38 objectives and principles of securities regulation, which provide core elements of an essential regulatory framework for securities regulations.

The five principles (IOSCO Principles 33-37) seek to promote fair, efficient and transparent markets. Principles 33 and 34 refer to authorization, oversight and ongoing supervision requirements; Principle 35 covers transparency requirements; Principle 36 covers detection and deterring market misconduct; and Principle 37 deals with managing risks, such as monitoring large exposures, default procedures and short selling.

IOSCO says the gaps revealed during the Review indicate the need for the respective jurisdictions to consider further reforms to strengthen implementation of the principles.



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site

More on:  Infrastructure