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 Indiais a member to this commission.
- Secretariat: Madrid, Spain.