Significant Policy
IOSCO adopted in 1998 a comprehensive set of Objectives and Principles of Securities Regulation (IOSCO Principles). These continue to be developed and expanded. IOSCO recommends all its members to adopt these and helps its members assess the level of compliance with the principles. These include;
- Regulatory principles designed to improve auditor independence and auditor oversight
- Regulatory principles for corporate financial disclosure and transparency
- Regulatory principles regarding conflicts of interest for financial analysts
- A Code of Conduct for credit rating agencies
- A set of “Core Principles” for securities regulation designed to outline for IOSCO members what makes up “good” securities regulation
- A Multilateral Memorandum of Understanding on enforcement cooperation, through which IOSCO members pledge to provide each other with collecting information and witness statements in an enforcement investigation
Read more about this topic: International Organization Of Securities Commissions
Famous quotes containing the words significant and/or policy:
“Experience is not a matter of having actually swum the Hellespont, or danced with the dervishes, or slept in a doss-house. It is a matter of sensibility and intuition, of seeing and hearing the significant things, of paying attention at the right moments, of understanding and co-ordinating. Experience is not what happens to a man; it is what a man does with what happens to him.”
—Aldous Huxley (1894–1963)
“Will mankind never learn that policy is not morality,—that it never secures any moral right, but considers merely what is expedient? chooses the available candidate,—who is invariably the devil,—and what right have his constituents to be surprised, because the devil does not behave like an angel of light? What is wanted is men, not of policy, but of probity,—who recognize a higher law than the Constitution, or the decision of the majority.”
—Henry David Thoreau (1817–1862)