Monday October 8 2012
News Source: Fund Regulation
Focus: General - Fund Regulation
Type: General
Country: European Union
The Board of the International Organization of Securities Commissions (IOSCO) recently met in Madrid to progress its current work agenda and set a path for future work. This was the Board’s first meeting since its creation at IOSCO’s Annual Conference in Beijing to give IOSCO a more efficient and inclusive structure.
The Board reconfirmed IOSCO`s commitment to meet deadlines on work mandated by the G20 Leaders and the Financial Stability Board (FSB) on regulatory reform. The Board took a number of key decisions on work in a number of areas. Of particular importance, recommendations on the regulation of Money Market Funds were approved.
Notably, other global regulatory reform work included the agreement that that IOSCO’s work in relation to identifying systemically important hedge funds, collective investments and market intermediaries would be coordinated with a view to meeting G20 deadlines set for joint work by FSB and IOSCO later this year.
Please refer to the below link for a full copy of the press release: