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categories of membership with IOSCO ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked almost 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered almost 3 years ago

**CATEGORIES OF MEMBERSHIP WITH IOSCO** OSCO has three categories of membership that reflect the different approaches to securities markets regulation, while also ensuring that those with an interest in the regulation of securities markets are also involved in the debate on securities market issues. The three categories are: Ordinary; Associate; and Affiliate. Ordinary A national securities commission or a similar governmental body with significant authority over securities or derivatives markets is eligible for ordinary membership of IOSCO provided it is a signatory to the IOSCO Multilateral Memorandum of Understanding (MMoU). Where there is no such national authority, provincial authorities with authority over securities or derivatives markets are eligible for ordinary membership provided they are MMoU signatories. If there is no governmental regulatory body in a country, a self-regulatory body, such as a stock exchange, from that country is eligible for ordinary membership of IOSCO. Each ordinary member of IOSCO is a member of the Presidents Committee and has one vote at meetings of that Committee and any other Committees to which it belongs. The Presidents Committee meets yearly at the Annual Conference. In the case of a country where the subdivisions have exclusive jurisdiction over securities, the regulatory bodies of the subdivisions of that country that are ordinary members shall have a maximum of three votes for all the subdivisions together in elections in meetings of the Presidents Committee, IOSCO Board, Growth and Emerging Markets Committee, Regional Committees, and in meetings of any other committee or on any other occasion where elections are held. Associate The following are eligible for associate membership of IOSCO: supranational governmental regulators; subnational governmental regulators where there is a national governmental regulator; intergovernmental international organizations and other international standard-setting bodies; other governmental bodies with an appropriate interest in securities regulation; and national governmental regulators who are not MMoU signatories and who are not ordinary members. An association that consists of the public regulatory bodies is also eligible for associate membership of IOSCO. Each associate member of IOSCO is a member of the Presidents Committee. Associate members are not entitled to vote at the Presidents Committee meeting. Affiliate The following bodies are eligible for affiliate membership of IOSCO: self regulatory organizations (SROs); securities exchanges; financial market infrastructures (including clearing and settlement agencies); international bodies other than governmental organizations with an appropriate interest in securities regulation; investor protection funds and compensation funds; and any other body with an appropriate interest in securities regulation that the IOSCO Board may decide for the purpose of furthering the objectives of IOSCO. Affiliate members may attend the Presidents Committee meeting to hear detailed reports on the work and key developments of IOSCO. Affiliate members are not entitled to vote at the Presidents Committee meeting. Thanks

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Data?1494421730 rohit awasthi answered almost 3 years ago

Dear Friend > Membership with IOSCO 1. Ordinary members, which must be the primary regulators of securities and or futures markets 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. 2. Associate members, which are other securities and or futures regulators in a jurisdiction, if that jurisdiction has more than one. For example, the Commodity Futures Trading Commission, the International Commission of Securities and the North American Securities Administrators Association in the United States are associate members of IOSCO with the U.S. Securities and Exchange Commission being the ordinary members for the United States. Associate members have no vote and are not eligible for the Executive Committee; however, they are members of the Presidents' Committee. 3. Affiliate members, which 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. The affiliate members, which are Self-regulatory organization (SROs), are however members of the SRO Consultative Committee.

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