19 April 2005

IOSCO Compliance Function at Market Intermediaries

The International Organization of Securities Commissions (IOSCO) released a consultation report, entitled “Compliance Function at Market Intermediaries”. The report sets out a number of supplementary principles with measures for implementation to assist market intermediaries to increase the effectiveness of their compliance function. Due to the changing nature and importance of the compliance function, IOSCO believes it is important to identify and discuss principles that should be considered by all market intermediaries and their regulators.

This paper reviews the current IOSCO Principles for Market Intermediaries and recent initiatives by some regulators in the area of compliance. It also proposes supplementary principles and raises some issues for discussion through a consultation process.

After the consultation process, IOSCO will present a final report.

Deadline for comments is 15 July 2005.

Document

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