International Organisation of Securities Commission

About International Organisation of Securities Commission:

• It was established in 1983.
• It is the international body that brings together the world's securities regulators and is recognized as the global standard setter for financial markets regulation.
• Objectives
  • Enhance investor protection
  • Ensure markets are fair and efficient
  • Promote financial stability by reducing systemic risk
• Its objectives and Principles of Securities Regulation are endorsed by both the G20 and the Financial Stability Board (FSB).
• Itis a standard setting body with more than 200 members representing 95% of the world’s securities regulators.
• There are three categories of members: ordinary, associate and affiliate.
  • Ordinary members, which include the primary futures markets and securities regulators in a given jurisdiction. Each ordinary member has one vote.
  • Associate members, consisting of additional futures and securities regulators in those jurisdictions that have multiple regulatory bodies. Associate members do not have a vote and aren’t eligible for the Executive Committee, but are members of the Presidents’ Committee.
  • Affiliate members, which include self-regulatory organizations, stock exchanges, and stock market industry associations.
  • These members do not have a vote and are not eligible for either the Executive Committee or the President’s Committee, but may be members of the Self-Regulatory Organizations (SRO) Consultative Committee.
• The Securities and Exchange Board of India is a member of this commission.
• Secretariat: Madrid, Spain.

Q1: What is Securities and Exchange Board of India (SEBI)?

The SEBI is a statutory regulatory body established by the Government of India in 1992. It was given statutory powers through the SEBI Act, 1992. It aims to regulate the securities market in India and protect the interests of investors in securities.

Source: The many challenges of BRSR