International Organization of Securities Commissions - Membership

Membership

IOSCO members are divided into three main categories:

• 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.

• 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 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.

• 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.

Currently, IOSCO has 199 members: 114 ordinary members, 11 associate members, and 74 affiliate members.