Objectives and Principles of Securities Regulation
These IOSCO Principles set out a broad general framework for the regulation of securities including the regulation of: (i) securities and derivatives markets; (ii) the intermediaries that operate in those markets; (iii) the issuers of securities; (iv) the entities offering investors analytical or evaluative services such as credit rating agencies; and (v) the sale of interests in, and the management and operation of, collective investment schemes.
The Principles, which are an agreed set of high-level global standards outline the basis of an appropriate, effective and robust securities regulatory system, therefore their proper implementation by securities regulators is critical to the creation and maintenance of a sound global regulatory system. The Principles also play an important role in promoting a sound global financial regulatory system through their use by the International Monetary Fund (IMF) and World Bank assessors in the performance of the securities sector element of country Financial Sector Assessment Programs.
The Methodology for Assessing Implementation of the IOSCO Objectives and Principles of Securities Regulation is designed to provide IOSCO’s interpretation of IOSCO’s Objectives and Principles of Securities Regulation and to give guidance on the conduct of a self-assessment or third-party assessment of the level of Principles implementation. This document is a revised version of the Methodology adopted in 2011.