IOSCO To Focus On Challenges Of Securities Market Regulation Worldwide

Members of the International Organization of Securities Commissions (IOSCO) rose from its 43rd Annual Conference in Budapest, Hungary, with a resolve to focus on, and proffer solutions to key issues confronting securities market regulation across the globe.
A statement by Efe Ebelo, acting head, Corporate Communications at Nigeria’s Securities & Exchange Commission (SEC), on Tuesday said the public sessions of the conference deliberated on key issues such as the sale of unsuitable products to retail investors; and the challenges of Fintech and digitalization.
The conference also discussed the shift from active to passively managed collective investment schemes, as well as how Small and Medium-scale Enterprises (SMEs) can access the capital market for the much-needed funding.
Speaking at the conference, Ashley Alder, Chair of the IOSCO Board, said members took important steps during the event to advance “priority work in focused areas such as market resilience, financial technologies, and information sharing among securities market regulators, while addressing the biggest risks to investor protection, market integrity and financial stability.”
The board also discussed how best to approach the continuing growth of Initial Coin Offerings (ICOs) and agreed on the need to develop a Support Framework that would assist members as they consider how to address domestic and cross-border issues stemming from coin offerings that could impact investor or consumer protection.
On her part, Acting Director-General of SEC Nigeria, Ms. Mary Uduk assured of the determination of management in advancing the initiatives which she said are aimed at protecting investors, while ensuring fair, efficient and transparent markets, and mitigating systemic risk.