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:
“... the loss of belief in future states is politically, though certainly not spiritually, the most significant distinction between our present period and the centuries before. And this loss is definite. For no matter how religious our world may turn again, or how much authentic faith still exists in it, or how deeply our moral values may be rooted in our religious systems, the fear of hell is no longer among the motives which would prevent or stimulate the actions of a majority.”
—Hannah Arendt (1906–1975)
“Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting the progress of the arts and the sciences and a flourishing culture in our land.”
—Mao Zedong (1893–1976)