The ACT broadly supports the work of IOSCO and believes the overview lays out a well- balanced programme for public consideration. We believe it important that IOSCO continues to monitor and research in its field of securities regulation although we note that the overview will not necessarily lead to work by IOSCO.
Members of The ACT are equally concerned with IOSCO to ensure the efficiency and integrity of public securities markets. The ACT’s view is that market based solutions are almost always preferable to direct or prescriptive regulation and we welcome the emphasis that IOSCO places on ensuring full discussions with stakeholders prior to issuing new principles for securities regulations.
