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:
“Priests and physicians should never look one another in the face. They have no common ground, nor is there any to mediate between them. When the one comes, the other goes. They could not come together without laughter, or a significant silence, for the one’s profession is a satire on the other’s, and either’s success would be the other’s failure.”
—Henry David Thoreau (1817–1862)
“Men must learn now with pity to dispense,
For policy sits above conscience.”
—William Shakespeare (1564–1616)