The Securities and Exchange Commission of Pakistan (SECP) has been re-elected to the International Organization of Securities Commissions (IOSCO) Board for the fifth consecutive term of 2020-2022.
IOSCO is the leading international policy forum for securities regulators and is recognized as the global standard setter for securities regulation, said a news release issued here. IOSCO’s membership regulates more than 95 per cent of the world’s securities markets in more than 115 jurisdictions. SECP has been an IOSCO member since 1998 and on its Board since 2012.
SECP Chairman, Aamir Khan said, “IOSCO has a critical role in leading the development of global framework for securities markets and Pakistan looks forward to supporting this mandate as part of IOSCO board to improve regulatory standards.”
SECP has been elected to the board as representative of the Asia Pacific Regional Committee. The SECP is fully committed to advancing IOSCO’s mandate to strengthen market infrastructure, enhance cooperation, improve standards of regulation for efficient and transparent markets, and protect and promote investor confidence.