- To cooperate together to promote high standards of regulation in an effort to maintain just, efficient, and sound markets
- To exchange data on their respective experiences in order to promote the development of domestic markets
- To unite their efforts to establish standards and an useful surveillance of international securities transactions
- To give mutual assistance to promote the integrity in the markets by a rigorous application from the standards and by productive enforcement against offenses Together, IOSCO members are responsible for regulating more than 90 percent of international securities markets. As monetary markets have develop into increasingly global, cross-border cooperation amongst securities regulators has develop into an increasingly vital objective for the organization.
IOSCO has worked extensively on international disclosure and accounting standards to facilitate the capacity of organizations to raise capital efficiently in international securities markets. In 1998, IOSCO published a set of nonfinancial disclosure standards that may perhaps eventually enable businesses to utilize a single prospectus to present or list shares on any of the world’s important capital markets. Securities regulators worldwide are increasingly adopting these standards.
An IOSCO technical committee focuses on multinational disclosure and accounting. Its major objective is to facilitate the procedure whereby world-class issuers can raise capital in probably the most effective and efficient way on all capital markets exactly where investor demand exists. It cooperates using the IASB by, amongst other activities, delivering input on IASB projects. It has endorsed IFRS for cross-border securities offerings. A working-party study completed in 1998 presented recommendations for facilitating multinational equity offerings. The report advised “that regulators be encouraged, where consistent with their legal mandate as well as the objective of investor protection, to facilitate the use of single disclosure documents, whether by harmonisation of standards, reciprocity or otherwise.”
Elmer Tamayo is the author of myaccountinginfo.net who took-up his degree of "BS in Accountancy" major in accounting. A Web designer and blogger, His passion is Reading books, searching new tech update on the world wide web. Read More...
