The International Organization of Securities
Commissions (IOSCO) is an association of organisations that regulate
the world’s securities and futures markets. Members are typically the Securities Commission or the main financial regulator from each country. The
organisations role is to assist its members to promote high standards of
regulation and act as a forum for national regulators to cooperate with each
other and other international organisations. 3
The
(IOSCO) was created in 1983, with its permanent headquarters in Madrid, Spain.
It is structured into a number of committees that meet several times
per year at different locations around the world and it has a permanent
secretariat based in Madrid. In 1998 IOSCO adopted a comprehensive set
of "IOSCO
Principles" which is recognized as the international regulatory benchmarks for
all securities markets. 1
The
SEBI is an Ordinary Member; BSE, NSE and MCX-SX are Affiliate Members; while
Forward Markets Commission is an Associate Member of the IOSCO. 1
Mr.
Tajinder Singh, an IAS officer was appointed as the Deputy Secretary General of
the IOSCO Secretariat in 2009. He continues to hold that position (as on April
2012). 2
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