Tuesday, October 2, 2018

WHAT IOSCO DO WORK AT GLOBAL SECURITIES MARKET!!

what IOSCO DO WORK AT GLOBAL SECURITES MARKET
-:Background OF IOSCO:-

IOSCO means INTERNATIONAL ORGANIZATION OF SECURITIES commisions created in 1983 instead of INTER-AMERICAN REGIONAL ASSOCIATION created in 1974 into the global co-operative body.
Since 1984, Securities body from France, Indonesia, Korea, and the united kingdom agencies join the orgnization from out of the Americas. the first annual meeting was conducted in 1986 in Paris, it first takes place outside America. it was decided at the first annual meeting to create a permanent general secretary for IOSCO. 

Now, days IOSCO is recognized as the international standard setter for global securites market. its membership regulates more than 95% of the country.

IOSCO OBJECTIVE FOR SECURITIES REGULATION:-

  1. INVESTORS INVESTOR
  2. Ensuring that market are fair
  3. Reducing systemic risk


CATEGORIES OF IOSCO MEMBERSHIP:-

it has three types of categories design by the IOSCO for regulating the global market and also include on the debate of securities market issue:

  • ORDINARY
  • ASSOCIATE
  • AFFILIATE

  1. ORDINARY MEMBER AND ELIGIBILITY:-
This category is open to securities or similar or similar government or statutory body  that has primary responsibility for securities regulation to its jurisdiction.

If there is no governmental or statutory body in a jurisdiction then a self-regulate body, like a stock exchange, in that jurisdiction eligible for ordinary membership of an IOSCO. the ordinary membership of self-jurisdiction body admitted to IOSCO will lapse if government regulate body from the same jurisdiction become an ordinary member for that jurisdiction. 

Each ordinary member having one vote in the presidential committee, which meets yearly at the annual conference.

      2. ASSOCIATE MEMBER AND ELIGIBILITY:-

The following bodies can member of  the organization:

1. Public regulate body with jurisdiction in the subdivision of a jurisdiction if the national regulatory body is already an ordinary member 

2. Any other eligible body with an responsibility for securities regulation.

Associate member doesn't have the right to vote and is also precluded from the membership of the IOSCO.

   3. AFFILIATE MEMBER AND ELIGIBILITY:-

             A self-regulate body or an international body with an appropriate interest in securities regulation is eligible for this category of membership.

Affiliate members do not have a vote, are not eligible for the IOSCO Board and are not members of the Presidents Committee


MULTILATERAL MEMORANDUM OF UNDERSTANDING:-


MMOU is endorsed by the IOSCO in 2005 as a benchmark for international cooperation among securities regulators and exchange information. The Securities and Exchange Board of India is also a signatory to
IOSCO MMoU.


What is MMOU?

The MMOU represent a common understanding among its member about how they will consult to cooperate and exchange information for security.

MMOU set some specific requirement for what type of information can be exchanged and how is it to be exchanged: legal ability to compel information.

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