IOSCO

Evolution in the Operation, Governance and Business Models of Exchanges: Regulatory Implications and Good Practices

This Report outlines good practices that regulators may consider in the supervision of exchanges, particularly when they provide multiple services and/or are part of an Exchange Group.

Final Report on Post Trade Risk Reduction Services: Sound Practices for Consideration

This Final Report highlights potential policy considerations and risks associated with using and offering of Post Trade Risk Reduction Services (PTRRS) and presents sound practices in this area as guidance to IOSCO members and regulated users of PTRRS to determine whether additional measures should be considered based on the scope of activities being offered in the respective jurisdictions.

Market Outages

The Report examines key findings from recent market outages on listing trading venues in IOSCO jurisdictions and builds on past IOSCO work on operational resilience and business continuity planning to identify good practices for listing trading venues that may enhance market-wide resilience in the event of a market outage.

Leveraged Loans and CLOs Good Practices for Consideration

This Report provides an overview of the Leveraged Loan (LL) and Collaterized Loan Obligation (CLO) markets and their evolution since the GFC; explains why the vulnerabilities identified in the LL and CLO markets could impact IOSCO’s objectives protecting investors, ensuring that markets are fair, efficient and transparent, and reducing systemic risk; and describes twelve good practices for consideration.

Anti-dilution Liquidity Management Tools – Guidance for Effective Implementation of the Recommendations for Liquidity Risk Management for Collective Investment Schemes

The report provides guidance to responsible entities on the use of anti-dilution liquidity management tools.

FSB and IOSCO publish policies to address vulnerabilities from liquidity mismatch in open-ended funds

Revised recommendations and guidance aim to achieve a significant strengthening of liquidity management by open-ended fund managers compared to current practices.

Policy Recommendations for Decentralized Finance (DeFi)

This report sets forth policy recommendations to address market integrity and investor protection concerns arising from Decentralized Finance (DeFi) by supporting greater consistency of regulatory frameworks and oversight.

Recommendations on Accounting for Goodwill

IOSCO has developed these recommendations for issuers, audit committees (or those charged with governance) and external auditors to enhance the reliability, faithful representation and transparency of goodwill recorded and disclosed in the financial statements.

Policy Recommendations for Crypto and Digital Asset Markets

The 18 policy recommendations for the regulation of crypto and digital assets are designed to support greater consistency with respect to regulatory frameworks and oversight in IOSCO member jurisdictions, to address concerns related to market integrity and investor protection arising from crypto-asset activities.

Compliance Carbon Markets

The report identifies a set of recommendations for Compliance Carbon Markets in addressing issues around integrity and orderly functioning, including secondary markets in both spot and derivatives markets. The aim of these recommendations is to support jurisdictions seeking to establish new or to enhance their existing compliance carbon markets to do so in the most effective way possible, learning from the experience of others.

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