The International Organization of Securities Commissions (IOSCO) is an association of organizations that regulate the world's securities and futures markets. Members are typically primary securities and/or futures regulators in a national jurisdiction or the main financial regulator from each country. Its mandate is to:[3]
- Develop, implement, and promote high standards of regulation to enhance investor protection and reduce systemic risk
- Share information with exchanges and assist them with technical and operational issues
- Establish standards toward monitoring global investment transactions across borders and markets.
 | |
| Abbreviation | IOSCO |
|---|---|
| Formation | April 1983 |
| Type | International organisation |
| Purpose | Forum for national securities regulators |
| Headquarters | Madrid, Spain |
| Members | 240 (August 2024) |
Official language | English, French, Spanish, Portuguese, Arabic |
| Rodrigo Buenaventura | |
| Revenue | €6,044,426[1] (2022) |
| Staff | 28[2] |
| Website | iosco |
The Objectives and Principles of Securities Regulation serve as the foundational framework for IOSCO's development of global standards in regulation, oversight, and enforcement. These principles have been endorsed by both the G20 and the Financial Stability Board (FSB) as the core guide for internationally recognized securities regulation.[4] IOSCO membership regulates more than 95% of the world's securities markets in more than 130 jurisdictions.[4] It has a permanent secretariat in Madrid, Spain.[5]
History
editIOSCO was born in 1983 from the transformation of its ancestor the "Inter-American Regional Association" (created in 1974) into a truly global cooperative.[5] This decision to expand the organization beyond the Americas was made at the annual gathered in Quito, Ecuador, in April 1983.[5] At the same time, the organization was renamed to IOSCO to reflect the expanded membership beyond North and South America. Securities regulators from France, Indonesia, South Korea, and the United Kingdom were the first agencies to join from outside the Americas.[5] The IOSCO July 1986 Paris Annual Conference was the first to take place outside of the American continents and on that occasion a decision was made to create a permanent General Secretariat for the Organization.[5] The International Organization of Securities Commissions (IOSCO) was incorporated in 1987 as a not-for-profit legal entity with the help of the Québec government.[5] In the same year, it established its first Secretariat in Montreal.[5] The CVMQ President, Mr. Paul Guy, was named its first Secretary General.[5] One remnant of its early inter-American roots is that IOSCO's "official" languages are English, French, Spanish, and Portuguese.
In 1998, the IOSCO Principles of Securities Regulation were adopted. They are now the internationally recognized regulatory benchmarks for all securities markets.[6] In 2003, IOSCO endorsed a comprehensive Principles Assessment Methodology.[7] This tool allows the organization to objectively assess how well its members are implementing the IOSCO Principles and to help them create plans to fix any issues found.[5] However it was the September 11, 2001 attacks as well as a series of large global financial scandals that started with Enron and including Worldcom, Parmalat, and Vivendi that brought urgency to this work and heralded IOSCO's evolution from an international "talk shop", where little of substance was accomplished, to a serious international organization with a real impact on the securities regulation. At the 1999 conference in Lisbon, the Secretariat remained in Montreal until 1999, when it was permanently moved to Madrid.[5]
In 2002 IOSCO adopted a multilateral memorandum of understanding (IOSCO MMoU) designed to facilitate cross-border enforcement and exchange of information among the international community of securities regulators, a key part of a top priority for IOSCO to achieve the effective implementation of the IOSCO Principles and the MMoU, thereby facilitating cross-border cooperation, mitigating global systemic risk, protecting investors and ensuring fair and efficient securities markets.[8] Then in 2005 IOSCO MMoU become the benchmark for international cooperation among securities regulators.[5]
Membership
editAs of August 2024, IOSCO had 225 members.[5] IOSCO members are divided into three main categories:
- Ordinary members (120): primary securities and/or futures markets regulators in a jurisdiction. A stock exchange or self-regulatory organization may be an ordinary member, but only if it is the jurisdiction's primary securities regulator. Each ordinary member has one vote.[9]
- Associate members (33): other securities and/or futures regulators in cases where there's more than one per jurisdiction. For example, the Commodity Futures Trading Commission (CFTC) and the North American Securities Administrators Association in the United States are associate members of IOSCO given that the U.S. Securities and Exchange Commission is the ordinary member from the United States. Associate members have no vote and are not eligible for the executive committee; they are, however, members of the Presidents' Committee.
- Affiliate members (72): include stock exchanges, self-regulatory organizations, and various stock market industry associations. Affiliate members have no vote, are not eligible for the executive committee, and are not members of the Presidents' Committee. Affiliate members that are self-regulatory organizations (SROs), are, however, members of the SRO Consultative Committee.
Governance and Oversight
editMonitoring Group
editIOSCO chairs and participates in the Monitoring Group (MG), a collaborative body of international regulatory organizations established in 2003.[10] The group was formed to modernize the governance of international audit and ethics standard-setting, ensuring it remains independent of the profession and responsive to the public interest.[11] Key functions include:
- Oversight and Nominations: The group is responsible for the selection and appointment of the members of the Public Interest Oversight Board (PIOB).[10] It provides a mechanism for the PIOB to receive updates on significant events in the regulatory environment.[11]
- Dialogue and Consultation: It serves as the primary vehicle for ongoing dialogue between international regulators and the accountancy profession.[10] This includes consulting with IFAC on the identification of candidates for standard-setting boards.[11]
- Monitoring and Review: The group monitors the effectiveness of the reforms and the extent to which they achieve increased confidence in the quality of international standards.[10]
As of 2025, the membership of the Monitoring Group consists of IOSCO (chair), the Basel Committee on Banking Supervision (BCBS), the European Commission, the Financial Stability Board (FSB), the International Association of Insurance Supervisors (IAIS), the World Bank, and the International Forum of Independent Audit Regulators (IFIAR).[11]
Monitoring Board
editIOSCO is a founding member of the IFRS Foundation Monitoring Board, which provides public oversight for the IFRS Foundation and its standard-setting bodies, the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB).[12] The Monitoring Board acts as a formal link between the IFRS Foundation Trustees and public authorities.[12] Its primary responsibilities include:
- Governance and Appointments: Participating in the selection and approval of the IFRS Foundation Trustees.[12]
- Oversight of Standard-Setting: Reviewing the Trustees' oversight of the IASB and ISSB's due process and technical agendas.[12]
- Public Interest Referral: Referring accounting or sustainability disclosure issues of broad public interest to the IFRS Foundation for consideration.[12]
As of 2025, the Monitoring Board is chaired by Takashi Nagaoka of the Japan Financial Services Agency (JFSA) and consists of the following members:[12]
- The International Organization of Securities Commissions (represented by the IOSCO Board and the Growth and Emerging Markets Committee)
- The European Commission
- The Financial Services Agency of Japan (JFSA)
- The Securities and Exchange Commission (SEC) of the United States
- The Comissão de Valores Mobiliários (CVM) of Brazil
- The Financial Services Commission (FSC) of South Korea
- The Ministry of Finance of the People's Republic of China
- The Financial Conduct Authority (FCA) of the United Kingdom
- The Basel Committee on Banking Supervision (non-voting observer)
Structure
editThe organization is made up of a number of committees that meet several times a year at locations around the world supported by a permanent administrative General Secretariat.
Administratively, IOSCO is run by a General Secretariat based in Madrid, Spain. The IOSCO Board is IOSCO's governing and standard-setting body. It is composed of 35 securities regulators; Jean-Paul Servais, Chairman of the Financial Services and Markets Authority, is the chair of the IOSCO Board. He is supported by a vice chair: Dr. Mohamed Farid Saleh, Executive Chairman, Financial Regulatory Authority, Egypt.[13]
Regional committees
editThe Growth and Emerging Markets (GEM) Committee is the largest Committee within IOSCO and represents more than 75 percent of the IOSCO membership, including ten of the G20 members. Dr Mohamed Farid Saleh, Executive Chairman of the Financial Regulatory Authority, Egypt, is Chair of the GEM Committee.
The GEM Committee comprises 92 members and 25 non-voting associate members who include the world's fastest-growing economies. Emerging economies are expected to represent a growing portion of IOSCO membership as new members continue to join. IOSCO is the only international standard setter that has a committee solely responsible for emerging market issues. This inclusiveness increases IOSCO's effectiveness and positions it to play a bigger part in shaping the global regulatory framework: The GEM has been allocated a seat on the IFRS Foundation Monitoring Board.
IOSCO counts four regional committees: Africa / Middle-East (AMERC) chaired by H.E. Waleed Saeed Al Awadhi, chief executive officer, Securities and Commodities Authority, United Arab Emirates, Asia & Pacific (APRC) chaired by Ms. Julia Leung Chief Executive Officer of the Hong-Kong Securities and Futures Commission, European Regional Committee (ERC) chaired by Mr. Jean-Paul Servais Chairman of Belgium's Financial Services and Markets Authority, and Inter-American Regional Committee (IARC) chaired by Ms. Lucia Buenrostro Vice President of Regulatory Policy at the Mexican Comisión Nacional Bancaria y de Valores.
External cooperation
editIOSCO is a member of, participates as an observer in, or coordinates with a number of other organizations. One of its most important relationships is with the Joint Forum of international financial regulators. IOSCO, along with the Basel Committee on Banking Supervision and the International Association of Insurance Supervisors, make up the Joint Forum.
The IOSCO MOUs are considered the primary instruments to facilitate cross border cooperation, reduce global systemic risk, protect investors, and ensure fair and efficient securities markets.[14][15]
Additionally, IOSCO is a member of, participates as an observer in, or coordinates with a number of other international organizations, including the OECD, FSB, Financial Action Task Force on Money Laundering, IASB, PIOB, IMF, World Bank, and European Commission.
Policies
editIOSCO adopted in 1998 a comprehensive set of Objectives and Principles of Securities Regulation (IOSCO Principles). These continue to be developed and expanded. IOSCO recommends all its members to adopt these and helps its members assess the level of compliance with the principles. These include;
- Regulatory principles designed to improve auditor independence and auditor oversight[16]
- Regulatory principles for corporate financial disclosure and transparency[17]
- Regulatory principles regarding conflicts of interest for financial analysts[18]
- A code of conduct for credit rating agencies[19]
- A set of "core principles" for securities regulation designed to outline for IOSCO members what makes up "good" securities regulation[20]
- A multilateral memorandum of understanding on enforcement co-operation, through which IOSCO members pledge to provide each other with collecting information and witness statements in an enforcement investigation[21]
Leadership
editSecretary-General of IOSCO:
- Paul Guy, 1987 - 1994
- Eudald Canadell, 1995 - 1998
- Peter B. Clark, 1998 - 2001
- Philippe Richard, 2001 - 2007
- Greg Tanzer, January 2008 - January 2012
- David Wright, March 2012 - March 2016
- Paul Andrews, March 2016 - December 2020
- Martin Moloney, September 2021 - August 2024
- Tajinder Singh (acting), August–December 2024
- Rodrigo Buenaventura, since January 2025
Appendix
editOrdinary Members
editThe 120 Ordinary Members are:
| Nr. | Country | Organization | Type of Organization |
|---|---|---|---|
| 1 |  Albania | Financial Supervisory Authority | Capital Market and Financial Supervisory Authority |
| 2 |  Algeria | Commission d'Organisation et de Surveillance des Opérations de Bourse | Capital Market Regulator |
| 3 |  Andorra | Authoritat Financera Andorrana | Capital Market and Financial Supervisory Authority |
| 4 |  Angola | Comissão do Mercado de Capitais | Capital Market Regulator |
| 5 |  Argentina | Comisión Nacional de Valores | Capital Market Regulator |
| 6 |  Armenia | Central Bank of Armenia | Central Bank |
| 7 |  Australia | Securities and Investments Commission | Capital Market and Financial Supervisory Authority |
| 8 |  Austria | Financial Market Authority | Capital Market and Financial Supervisory Authority |
| 9 |  Bahamas | Securities Commission of The Bahamas | Capital Market Regulator |
| 10 |  Bahrain | Central Bank of Bahrain | Central Bank and Financial Supervisory Authority |
| 11 |  Bangladesh | Securities and Exchange Commission | Capital Market Regulator |
| 12 |  Barbados | Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 13 |  Belgium | Financial Services and Markets Authority | Capital Market and Financial Supervisory Authority |
| 14 |  Bermuda | Monetary Authority | Central Bank and Financial Supervisory Authority |
| 15 |  Bolivia | Autoridad de Supervisión del Sistema Financiero | Capital Market and Financial Supervisory Authority |
| 16 |  Bosnia and Herzegovina | Securities Commission of the Federation of Bosnia and Herzegovina | Capital Market Regulator |
| 17 |  Brazil | Comissão de Valores Mobiliários | Capital Market Regulator |
| 18 |  British Virgin Islands | Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 19 |  Brunei | Central Bank | Central Bank and Financial Supervisory Authority |
| 20 |  Bulgaria | Financial Supervision Commission | Capital Market and Financial Supervisory Authority |
| 21 |  Cape Verde | Auditoria Geral do Mercado de Valores Mobiliários, Banco Central of Cabo Verde | Capital Market Regulator/Central Bank |
| 22 |  Cayman Islands | Cayman Islands Monetary Authority | Capital Market and Financial Supervisory Authority |
| 23 |  Chile | Comisión para el Mercado Financiero (Financial Market Commission) | Capital Market and Financial Supervisory Authority |
| 24 |  China | China Securities Regulatory Commission | Capital Market Regulator |
| 25 |  Colombia | Superintendencia Financiera de Colombia | Capital Market and Financial Supervisory Authority |
| 26 |  Costa Rica | Superintendencia General de Valores | Capital Market Regulator |
| 27 |  Croatia | Croatian Financial Services Supervisory Agency | Capital Market and Financial Supervisory Authority |
| 28 |  Cyprus | Cyprus Securities and Exchange Commission | Capital Market Regulator |
| 29 |  Czech Republic | Czech National Bank | Central Bank and Financial Supervisory Authority |
| 30 |  Denmark | Danish Financial Supervisory Authority | Capital Market and Financial Supervisory Authority |
| 31 |  United Arab Emirates | Dubai Financial Services Authority | Capital Market and Financial Supervisory Authority |
| 32 |  Dominican Republic | Superintendencia del Mercado de Valores | Capital Market Regulator |
| 33 |  Ecuador | Superintendencia de Compañías, Valores y Seguros | Capital Market and Financial Supervisory Authority |
| 34 |  Egypt | Financial Regulatory Authority | Capital Market and Financial Supervisory Authority |
| 35 |  El Salvador | Superintendencia del Sistema Financiero | Capital Market and Financial Supervisory Authority |
| 36 |  Estonia | Finantsinspektsioon | Capital Market and Financial Supervisory Authority |
| 37 |  Finland | Financial Supervision Authority | Capital Market and Financial Supervisory Authority |
| 38 |  France | Autorité des marchés financiers | Capital Market Regulator |
| 39 |  Georgia | National Bank Of Georgia | Central Bank and Financial Supervisory Authority |
| 40 |  Germany | Bundesanstalt für Finanzdienstleistungsaufsicht | Capital Market and Financial Supervisory Authority |
| 41 |  Ghana | Securities and Exchange Commission | Capital Market Regulator |
| 42 |  Gibraltar | Gibraltar Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 43 |  Greece | Hellenic Capital Market Commission | Capital Market Regulator |
| 44 |  Guernsey | Guernsey Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 45 |  Hong Kong | Securities and Futures Commission | Capital Market Regulator |
| 46 |  Hungary | Magyar Nemzeti Bank (The Central Bank of Hungary) | Central Bank and Financial Supervisory Authority |
| 47 |  Iceland | The Central Bank of Iceland | Central Bank and Financial Supervisory Authority |
| 48 |  India | Securities and Exchange Board of India | Capital Market Regulator |
| 49 |  Indonesia | Indonesia Financial Services Authority | Capital Market and Financial Supervisory Authority |
| 50 |  Iran | Securities and Exchange Organization | Capital Market Regulator |
| 51 |  Ireland | Central Bank of Ireland | Central Bank and Financial Supervisory Authority |
| 52 |  Isle of Man | Isle of Man Financial Services Authority | Capital Market and Financial Supervisory Authority |
| 53 |  Israel | Israel Securities Authority | Capital Market Regulator |
| 54 |  Italy | Commissione Nazionale per le Società e la Borsa | Capital Market Regulator |
| 55 |  Jamaica | Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 56 |  Japan | Financial Services Agency | Capital Market and Financial Supervisory Authority |
| 57 | Japan | Ministry of Agriculture, Forestry and Fisheries | Government Authority |
| 58 | Japan | Ministry of Economy, Trade and Industry | Government Authority |
| 59 |  Jersey | Jersey Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 60 |  Jordan | Jordan Securities Commission | Capital Market Regulator |
| 61 |  Kazakhstan | Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market | Capital Market and Financial Supervisory Authority |
| 62 |  Kenya | Capital Markets Authority of Kenya | Capital Market Regulator |
| 63 |  South Korea | Financial Services Commission/Financial Supervisory Service | Capital Market and Financial Supervisory Authority |
| 64 |  Kuwait | Capital Markets Authority | Capital Market Regulator |
| 65 |  Kyrgyzstan | State Service for Financial Market Regulation and Supervision | Capital Market and Financial Supervisory Authority |
| 66 |  Latvia | Latvijas Banka | Central Bank and Financial Supervisory Authority |
| 67 |  Liechtenstein | Financial Market Authority | Capital Market and Financial Supervisory Authority |
| 68 |  Lithuania | Bank of Lithuania | Central Bank and Financial Supervisory Authority |
| 69 |  Luxembourg | Commission de Surveillance du Secteur Financier | Capital Market and Financial Supervisory Authority |
| 70 |  Malawi | Reserve Bank of Malawi | Central Bank and Financial Supervisory Authority |
| 71 |  Malaysia | Securities Commission | Capital Market Regulator |
| 72 |  Maldives | Capital Market Development Authority | Capital Market Regulator |
| 73 |  Malta | Malta Financial Services Authority | Capital Market and Financial Supervisory Authority |
| 74 |  Mauritius | Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 75 |  Mexico | Comisión Nacional Bancaria y de Valores | Capital Market and Financial Supervisory Authority |
| 76 |  Monaco | Commission de Contrôle des Activités Financières | Capital Market Regulator |
| 77 |  Mongolia | Financial Regulatory Commission | Capital Market and Financial Supervisory Authority |
| 78 |  Montenegro | Capital Market Authority of Montenegro | Capital Market Regulator |
| 79 |  Morocco | Autorité Marocaine du Marché des Capitaux | Capital Market Regulator |
| 80 |  Netherlands | The Dutch Authority for the Financial Markets | Capital Market Regulator |
| 81 |  New Zealand | Financial Markets Authority | Capital Market and Financial Supervisory Authority |
| 82 |  Nigeria | Securities and Exchange Commission | Capital Market Regulator |
| 83 |  North Macedonia | Securities and Exchange Commission of the Republic of North Macedonia | Capital Market Regulator |
| 84 |  Norway | Finanstilsynet (The Financial Supervisory Authority of Norway) | Capital Market and Financial Supervisory Authority |
| 85 |  Pakistan | Securities and Exchange Commission | Capital Market and Financial Supervisory Authority |
| 86 |  Palestine | Palestine Capital Market Authority | Capital Market and Financial Supervisory Authority |
| 87 |  Panama | Superintendencia del Mercado de Valores | Capital Market Regulator |
| 88 |  Papua New Guinea | Securities Commission of Papua New Guinea | Capital Market Regulator |
| 89 |  Paraguay | Superintendencia de Valores Banco Central del Paraguay | Capital Market Regulator/Central Bank |
| 90 |  Peru | Superintendencia del Mercado de Valores | Capital Market Regulator |
| 91 |  Philippines | Securities and Exchange Commission | Capital Market Regulator |
| 92 |  Poland | Polish Financial Supervision Authority | Capital Market and Financial Supervisory Authority |
| 93 |  Portugal | Comissão do Mercado de Valores Mobiliários | Capital Market Regulator |
| 94 |  Qatar | Qatar Financial Markets Authority | Capital Market Regulator |
| 95 |  Romania | Financial Supervisory Authority | Capital Market and Financial Supervisory Authority |
| 96 |  Russia | The Bank of Russia | Central Bank and Financial Supervisory Authority |
| 97 |  Saudi Arabia | Capital Market Authority | Capital Market Regulator |
| 98 |  Serbia | Securities Commission | Capital Market Regulator |
| 99 |  Singapore | Monetary Authority of Singapore | Central Bank and Financial Supervisory Authority |
| 100 |  Slovakia | The National Bank of Slovakia | Central Bank and Financial Supervisory Authority |
| 101 |  Slovenia | Securities Market Agency | Capital Market Regulator |
| 102 |  South Africa | Financial Sector Conduct Authority | Capital Market and Financial Supervisory Authority |
| 103 |  Spain | Comisión Nacional del Mercado de Valores | Capital Market Regulator |
| 104 |  Sri Lanka | Securities and Exchange Commission of Sri Lanka | Capital Market Regulator |
| 105 |  Sweden | Finansinspektionen | Capital Market and Financial Supervisory Authority |
| 106 |  Switzerland | Swiss Financial Market Supervisory Authority | Capital Market and Financial Supervisory Authority |
| 107 |  Syria | Syrian Commission on Financial Markets and Securities | Capital Market Regulator |
| 108 |  Tanzania | Capital Markets and Securities Authority | Capital Market Regulator |
| 109 |  Thailand | Securities and Exchange Commission | Capital Market Regulator |
| 110 |  Trinidad and Tobago | Trinidad and Tobago Securities and Exchange Commission | Capital Market Regulator |
| 111 |  Tunisia | Conseil du marché financier | Capital Market Regulator |
| 112 |  Turkey | Capital Markets Board | Capital Market Regulator |
| 113 |  Turks and Caicos Islands | Turks & Caicos Islands Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 114 |  Uganda | Capital Markets Authority | Capital Market Regulator |
| 115 |  Ukraine | National Securities and Stock Market Commission | Capital Market Regulator |
| 116 | United Arab Emirates | Securities and Commodities Authority | Capital Market Regulator |
| 117 |  United Kingdom | Financial Conduct Authority | Capital Market and Financial Supervisory Authority |
| 118 |  United States | Securities and Exchange Commission | Capital Market Regulator |
| 119 |  Uruguay | Banco Central del Uruguay | Central Bank and Financial Supervisory Authority |
| 120 |  Canada | Securities Commission | Capital Market Regulator |
Associate Members
editThe 34 Associate Members include:
| Nr. | Country | Organization | Type of Organization |
|---|---|---|---|
| 1 | Africa | African Development Bank Group | Multilateral Development Bank (Regional) |
| 2 | United Arab Emirates | Financial Services Regulatory Authority | Capital Market Regulator |
| 3 | Arab League | Union of Arab Securities Authorities | Regional Body |
| 4 | Philippines | Asian Development Bank | Multilateral Development Bank (Regional) |
| 5 |  Azerbaijan | Central Bank of the Republic of Azerbaijan | Central Bank |
| 6 |  Belarus | Ministry of Finance of the Republic of Belarus | Government Authority |
| 7 |  Belize | Financial Services Commission | Capital Market and Financial Supervisory Authority |
| 8 |  Botswana | Non-Bank Financial Institutions Regulatory Authority | Capital Market and Financial Supervisory Authority |
| 9 |  Cambodia | Securities and Exchange Regulator of Cambodia | Capital Market Regulator |
| 10 | Canada | Ontario Securities Commission | Capital Market Regulator |
| 11 | Canada | Autorité des marchés financiers (Quebec) | Capital Market and Financial Supervisory Authority |
| 12 |  Curaçao | Centrale Bank van Curaçao en Sint Maarten | Central Bank and Financial Supervisory Authority |
| 13 | Eastern Caribbean | Eastern Caribbean Securities Regulatory Commission | Capital Market Regulator (Regional) |
| 14 |  Eswatini | Financial Services Regulatory Authority | Capital Market and Financial Supervisory Authority |
| 15 |  European Union | European Commission | Government Authority (Supra-National) |
| 16 | European Union | European Securities and Markets Authority | Capital Market Regulator (Supra-National) |
| 17 |  Fiji | Reserve Bank of Fiji | Central Bank and Financial Supervisory Authority |
| 18 |  Guatemala | Securities and Commodities Market Registry | Capital Market Regulator |
| 19 | India | International Financial Services Centres Authority | Capital Market and Financial Supervisory Authority |
| 20 | United States (International) | International Bank for Reconstruction and Development | Multilateral Development Bank (Global) |
| 21 | United States (International) | International Monetary Fund | Global Financial Institution |
| 22 |  Iraq | Iraq Securities Commission | Capital Market Regulator |
| 23 | Japan | Securities and Exchange Surveillance Commission | Capital Market Regulator |
| 24 | South Korea | Korea Deposit Insurance Corporation | Deposit Insurance Corporation |
| 25 | Labuan | Labuan Financial Services Authority | Capital Market and Financial Supervisory Authority |
| 26 |  Laos | Lao Securities Commission | Capital Market Regulator |
| 27 |  Lebanon | Capital Markets Authority | Capital Market Regulator |
| 28 |  Mozambique | Banco de Moçambique | Central Bank |
| 29 |  Namibia | Namibia Financial Institutions Supervisory Authority | Capital Market and Financial Supervisory Authority |
| 30 |  Nepal | Securities Board of Nepal | Capital Market Regulator |
| 31 | Qatar | Qatar Financial Centre Regulatory Authority | Capital Market and Financial Supervisory Authority |
| 32 |  Rwanda | Capital Market Authority | Capital Market Regulator |
| 33 |  Seychelles | Financial Services Authority | Capital Market and Financial Supervisory Authority |
| 34 | South Africa | Prudential Authority | Prudential Regulator |
| 35 | United States | Commodity Futures Trading Commission | Capital Market Regulator |
| 36 |  Zimbabwe | Securities and Exchange Commission of Zimbabwe | Capital Market Regulator |
Affiliate Members
editThe 71 Affiliate Members are:
| Nr. | Country | Organization | Type of Organization |
|---|---|---|---|
| 1 | Bahamas | Bahamas International Securities Exchange | Stock Exchange |
| 2 | Bahrain | Bahrain Bourse | Stock Exchange |
| 3 | Bermuda | The Bermuda Stock Exchange | Stock Exchange |
| 4 | Brazil | B3 – Brasil, Bolsa, Balcão | Stock Exchange/Central Counterparty |
| 5 | Brazil | Brazilian Financial and Capital Markets Association | Industry Association |
| 6 | Brazil | BSM Market Supervision | Self-Regulatory Organization |
| 7 | Canada | Canadian Investment Regulatory Organization | Self-Regulatory Organization |
| 8 | Cayman Islands | Cayman Islands Stock Exchange | Stock Exchange |
| 9 | Channel Islands | The International Stock Exchange | Stock Exchange |
| 10 | China | Asset Management Association of China | Industry Association |
| 11 | China | China Financial Futures Exchange | Futures Exchange |
| 12 | China | China Securities Depository and Clearing Corporation Limited | Central Securities Depository/Central Counterparty |
| 13 | China | China Securities Investor Protection Fund Co., Ltd. | Investor Protection Fund |
| 14 | China | Securities Association of China | Industry Association |
| 15 | China | Shanghai Stock Exchange | Stock Exchange |
| 16 | China | Shenzhen Stock Exchange | Stock Exchange |
| 17 | Colombia | Autorregulador del Mercado de Valores de Colombia | Self-Regulatory Organization |
| 18 | Egypt | MISR for Clearing, Depository and Central Registry | Central Securities Depository/Central Counterparty |
| 19 | European Union | European Fund and Asset Management Association | Industry Association |
| 20 | Germany | Deutsche Börse | Exchange Group |
| 21 | Germany | German Structured Securities Association | Industry Association |
| 22 | Hong Kong | Accounting and Financial Reporting Council | Accounting/Auditing Oversight Body |
| 23 | Hong Kong | Hong Kong Exchanges and Clearing Limited | Exchange and Central Counterparty |
| 24 | India | BSE Limited | Stock Exchange |
| 25 | India | Multi Commodity Exchange of India Limited | Commodity Exchange |
| 26 | India | National Stock Exchange | Stock Exchange |
| 27 | Indonesia | Indonesia Stock Exchange | Stock Exchange |
| 28 | United States (International) | CFA Institute | Professional Body |
| 29 | Spain | Federación Iberoamericana de Bolsas | Regional Exchange Association |
| 30 | United Kingdom (International) | Financial Markets Standards Board | Standards Body |
| 31 | United Kingdom (International) | GBBC Digital Finance Limited | Industry Association (Digital Assets) |
| 32 | United States (International) | Global Financial Markets Association | Industry Association |
| 33 | United States (International) | ICI Global | Investment Fund Industry Association |
| 34 | Switzerland (International) | International Capital Market Association | Capital Market Industry Association |
| 35 | United States (International) | International Swaps & Derivatives Association, Inc. | Derivatives Industry Association |
| 36 | United Kingdom (International) | Standards Board for Alternative Investments (SBAI) | Standards Body (Alternative Investments) |
| 37 | United Kingdom (International) | World Federation of Exchanges | Global Exchange Association |
| 38 | Italy | Organismo di vigilanza e tenuta dell'albo unico dei Consulenti Finanziari | Self-Regulatory Organization |
| 39 | Japan | Japan Exchange Group, Inc. | Exchange Group |
| 40 | Japan | Japan Securities Dealers Association | Self-Regulatory Organization |
| 41 | Kazakhstan | Central Securities Depository JSC | Central Securities Depository |
| 42 | South Korea | Korea Exchange | Stock Exchange |
| 43 | Kuwait | Boursa Kuwait Securities Company | Stock Exchange |
| 44 | Kuwait | Kuwait Clearing Company | Central Counterparty |
| 45 | Malaysia | Bursa Malaysia | Stock Exchange |
| 46 | Nigeria | Central Securities Clearing System Plc | Central Securities Depository |
| 47 | Nigeria | FMDQ Group | Exchange/Financial Market Infrastructure |
| 48 | Nigeria | Nigerian Exchange Group (NGX Group) | Exchange Group |
| 49 | Russia | National Association of Securities Market Participants | Self-Regulatory Organization |
| 50 | Saudi Arabia | Saudi Stock Exchange | Stock Exchange |
| 51 | Singapore | Singapore Exchange Limited | Exchange and Central Counterparty |
| 52 | South Africa | Johannesburg Stock Exchange | Stock Exchange |
| 53 | Spain | Bolsas y Mercados Españoles | Exchange Group/Financial Market Infrastructure |
| 54 | Switzerland | SIX Exchange Regulation AG | Self-Regulatory Organization/Exchange Subsidiary |
| 55 |  Taiwan | Taipei Exchange | Stock Exchange |
| 56 | Taiwan | Taiwan Futures Exchange | Futures Exchange |
| 57 | Taiwan | Taiwan Stock Exchange | Stock Exchange |
| 58 | Thailand | The Stock Exchange of Thailand | Stock Exchange |
| 59 | Turkey | Turkish Capital Markets Association | Industry Association |
| 60 | United Arab Emirates | Dubai Gold & Commodities Exchange | Commodity Exchange |
| 61 | United Kingdom | London Stock Exchange Group | Exchange Group |
| 62 | United Kingdom | The Investment Association | Industry Association |
| 63 | United States | Cboe Global Markets | Exchange Group |
| 64 | United States | CME Group | Exchange Group |
| 65 | United States | Depository Trust & Clearing Corporation (DTCC) | Central Securities Depository/Central Counterparty |
| 66 | United States | Financial Industry Regulatory Authority (FINRA) | Self-Regulatory Organization |
| 67 | United States | National Futures Association | Self-Regulatory Organization |
| 68 | United States | Options Clearing Corporation | Central Counterparty |
| 69 | United States | Securities Investor Protection Corporation | Investor Protection Corporation |
| 70 | United Kingdom (International) | The Alternative Investment Management Association Limited | Industry Association |
| 71 | Netherlands (International) | CCP Global – The Global Association of Central Counterparties | Global Industry Association |
See also
editReferences
edit- ↑ INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS, IOSCO. "Annual Report 2022" (PDF). www.iosco.org/. p. 90. Retrieved 3 April 2024.
- ↑ INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS, IOSCO. "Annual Report 2022" (PDF). www.iosco.org/. p. 96. Retrieved 3 April 2024.
- ↑ The Road to Action: Financial regulation addressing climate change (PDF). London: Economist Intelligence Unit. 2017.
- 1 2 Annual Report 2024 (PDF) (Report). International Organization of Securities Commissions. 2024. Retrieved 23 November 2025.
- 1 2 3 4 5 6 7 8 9 10 11 12 "About IOSCO". IOSCO. Retrieved 6 August 2024.
- ↑ Objectives and Principles of Securities Regulation (PDF) (Report). International Organization of Securities Commissions (IOSCO). May 2017. p. 3. Retrieved November 23, 2025.
- ↑ Methodology For Assessing Implementation of the IOSCO Objectives and Principles of Securities Regulation (PDF) (Report). International Organization of Securities Commissions (IOSCO). May 2017. p. 8. Retrieved November 23, 2025.
- ↑ Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (PDF) (Report). International Organization of Securities Commissions (IOSCO). May 2012 [May 2002]. p. 1. Retrieved 23 November 2025.
- ↑ IOSCO. "IOSCO Categories & Contributions of Members".
- 1 2 3 4 "International Federation of Accountants Reform Proposals" (PDF). Public Interest Oversight Board (PIOB). November 2003. Retrieved 18 December 2025.
- 1 2 3 4 "Monitoring Group Charter" (PDF). International Organization of Securities Commissions (IOSCO). Retrieved 18 December 2025.
- 1 2 3 4 5 6 "Charter of the IFRSF Monitoring Board" (PDF). International Organization of Securities Commissions (IOSCO). May 2023. Retrieved 18 December 2025.
- ↑ IOSCO. "IOSCO Board".
- ↑ IOSCO (May 2002). "Multilateral Memorandum of Understanding Concerning Consultation and Co-operation and the Exchange of Information" (PDF).
- ↑ IOSCO. "List of Signatories to the IOSCO Multilateral Memorandum of Understanding". Archived from the original on 2009-05-10. Retrieved 2009-09-30.
- ↑ IOSCO (Oct 2002). "Principles for Auditor Oversight" (PDF). IOSCO Technical Committee.
- ↑ IOSCO (Oct 2002). "Principles for Ongoing Disclosure and Material Development Reporting by Listed Entities" (PDF). IOSCO Technical Committee.
- ↑ IOSCO (25 Sep 2003). "Statement Of Principles For Addressing Sell-Side Securities Analyst Conflicts Of Interest" (PDF). IOSCO Technical Committee.
- ↑ IOSCO (Dec 2004). "Code Of Conduct Fundamentals For Credit Rating Agencies" (PDF). IOSCO Technical Committee.
- ↑ IOSCO (May 2003). "Objectives and Principles of Securities Regulation" (PDF). IOSCO.
- ↑ IOSCO (May 2002). "Multilateral Memorandum Of Understanding Concerning Consultation And Co-operation And The Exchange Of Information" (PDF). IOSCO.