The International Organisation of Securities Commissions (IOSCO) regroups the world’s securities regulators and is recognized as the global standard setter for the securities sector. Recently, IOSCO has admitted the Financial Services Commission (FSC) to its Monitoring Group Steering Committee (MG SC) as an Africa / Middle – East Regional Committee (AMERC) representative for the term 2021-2022.

Prior to this admission, the FSC was already an ordinary member of the IOSCO since September 2018 as a representative of AMERC’s largest user of the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (MMoU).

As member of the MG SC, the FSC aims at strengthening existing cooperation with other signatories of the IOSCO MMoU as well as provide a sound avenue for industry players.

The FSC will be subject to the following responsibilities under this position:
• Approving the process, content and periodicity of the consultation of the MMoU MG members on matters of common concern;
• Recommendations and decisions on any follow-up action to be taken by the MGSC in respect of issues identified;
• Discussions on ongoing or future initiatives in relation to the MMoU and undertaking any other assignment.

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