The Financial Sector Conduct Authority (FSCA) gets a seat on the IOSCO board.

May 11, 2018

Mr Jurgen Boyd, the FSCA’s Divisional Executive for Market Infrastructures, has been elected as the Growth and Emerging Markets (GEM) Committee representative on the International Organisation of Securities Commissions (IOSCO) Board as of 30 April 2018 for a two-year term (2018-2020). His term commenced with the inaugural meeting of the new IOSCO Board held on 9 May 2018 in Budapest, Hungary.

 

IOSCO is the leading international policy forum for securities regulators and is recognised as the global standard setter for securities regulation. Its membership regulates more than 95% of the world's securities markets in more than 115 jurisdictions and it continues to expand. The IOSCO Board is the governing and standard-setting body of IOSCO and consists of members from 37 securities regulators. The GEM Committee is the largest committee within IOSCO, representing close to 80 per cent of the IOSCO membership, including 11 of the G20 members.

 

The GEM Committee brings members from growth and emerging markets together and communicates members’ views and facilitates their contribution across IOSCO and at other global regulatory discussions. The GEM Committee’s strategic priorities are focused, among others, on risks and vulnerabilities assessments, policy and development work affecting emerging markets, and regulatory capacity building.

 

IOSCO aims through its permanent structures:

  • to cooperate in developing, implementing and promoting adherence to internationally recognized and consistent standards of regulation, oversight and enforcement in order to protect investors, maintain fair, efficient and transparent markets, and seek to address systemic risks;

  • to enhance investor protection and promote investor confidence in the integrity of securities markets, through strengthened information exchange and cooperation in enforcement against misconduct and in supervision of markets and market intermediaries; and

  • to exchange information at both global and regional levels on their respective experiences in order to assist the development of markets, strengthen market infrastructure and implement appropriate regulation.

  • to exchange information at both global and regional levels on their respective experiences in order to assist the development of markets, strengthen market infrastructure and implement appropriate regulation.

As a long standing member of IOSCO, the Financial Sector Conduct Authority (FSCA) has developed and maintained a strong and effective presence in the regulatory field over the past years in South Africa and internationally while working closely with its counterparts to establish equally tenable regulatory frameworks elsewhere in Africa.

 

Mr Boyd’s participation as the GEM Committee Board Representative will enable the FSCA to actively promote and reinforce the need for more active participation and greater collaboration among emerging market members as well as within IOSCO.

 

ENDS

 

Enquiries:

Ms Tembisa Marele

Financial Sector Conduct Authority

Email address: Tembisa.Marele@fsca.co.za

Telephone: 012 428 8025

 

 

 

Share on Facebook
Share on Twitter
Please reload

Categories
Featured Posts