QFMA joins the IOSCO as an ordinary member
The International Organization of Securities Commissions (IOSCO) is the highest international professional organization in the field of regulation and supervision of financial markets. It was established in 1983 and its headquarters in Spain. Its members include nearly two hundred countries, more than 90% of the world's securities markets regulators.
The IOSCO has developed internationally recognized standards for securities regulation, and all member states have implemented most of these standards in their jurisdictions.
The key objectives of the IOSCO is as follows:
- Strengthen the regulatory and supervisory powers to capital markets regulators through cooperation at the international level.
- Enhance the effectiveness of capital markets regulators to detect and combat financial crimes across the border.
- Ensure enforcing of regulators’ rules on the capital markets violators across the border.
- In order for the QFMA to develop regulations, and rules relating to strengthening the legislative structure of financial markets, and enhancing implementation of the best standards and international practices in the financial markets, QFMA has applied for an ordinary membership of the International Organization of Securities Commissions at the beginning of 2010.
The IOSCO Board of Directors issued their decision to accept the QFMA as an ordinary member on 25 Feb. 2013.
QFMA page in IOSCO Website