Published on: 24-Oct-2022

Members of the International Organization of Securities Commissions (IOSCO) met at the organization´s 47th Annual Meetings and Conference in Marrakech, Morocco to discuss and address issues facing securities market regulators and supervisors.

In their meetings, the IOSCO Board, IOSCO´s Growth and Emerging Markets (GEM) Committee, the four Regional Committees and the Affiliate Members Consultative Committee (AMCC) advanced their initiatives aimed at protecting investors, ensuring fair, efficient, and transparent markets, and mitigating systemic risk.

The public sessions of the conference focused on key issues including (1) sustainable finance, the path forward in addressing greenwashing, (2) facilitating financial innovation, (3) crypto assets, issues, risks, and regulatory considerations.
Moreover, OECD and IOSCO held a roundtable on public and private markets – competing or complementary.

The Annual Meeting decided to issue important new proposals on carbon markets which will be published shortly. It also received a report from the IFRS Foundation on the work of the ISSB. It reviewed progress on ensuring the stability of investment funds during periods of crisis and identified key workstreams for the next phase of this work.

At the Annual Meeting in Marrakech, IOSCO organized a Signing Ceremony for the 15 members that had met the requirements for signing the MMoU or the EMMoU during the past three years but had no formal signing ceremony at an Annual Meeting due to the COVID-19 pandemic.

The new signatories to the MMoU who participated in the Signing Ceremony in Marrakesh were the following:
• Astana Financial Services Authority, AIFC Nur Sultan, Kazakhstan
• National Bank of Georgia, Georgia
• Securities and Exchange Commission, Ghana
• International Financial Centers Authority, India
• Commission de Contrôle des Activités Financières, Monaco

In addition, the Superintendencia General de Valores, Costa Rica, participated virtually through a recorded video.
The following new signatories to the Enhanced MMoU participated in the Signing Ceremony in Marrakesh:
• Astana Financial Services Authority, AIFC Nur Sultan, Kazakhstan
• Financial Services Regulatory Authority (FSRA), Abu Dhabi
• Alberta Securities Commission, Alberta, Canada
• Comissão de Valores Mobiliários, Brazil
• Dubai Financial Services Authority, DFIC, UAE
• Securities and Exchange Board of India
• Israel Securities Authority
• Financial Markets Authority, New Zealand
• Superintendencia del Mercado de Valores, Peru
• Financial Market Supervisory Authority, Switzerland