[JAN] International Organization of Securities Commissions (IOSCO)

Question 1

Context?

Answer 1

The International Financial Services Centres Authority (IFSCA) has become an Associate Member of the International Organization of Securities Commissions (IOSCO).

Question 2

IFSC in India?

Answer 2

(IFSC) in the country has been set up at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar.
[@ GIFT CITY GANDHINAGAR]

To regulate such institutions, the government established IFSCA on April 27 last year with its head office in Gandhinagar.
[ISFCA ESTD. TO REGULATE SUCH INSTITUTIONS -> SUCH MHNJE GIFT SARKHYA INSTITUTIONS;
YACH ISFCA LA IOSCO MADHE ENTRY MILALIYE]

In December 2019, Parliament passed a bill to set up a unified authority for regulating all financial activities at IFSCs in the country.

Question 3

About IOSCO?

Answer 3

It is the international body that brings together the world’s financial securities regulators and is recognized as the global standard setter for the financial securities sector.
[BRINGS WORLD’S FINANCIAL SECURITIES REGULATORS TOGETHER ; GLOBAL FINANCIAL SECURITIES STANDARD SETTER -> DEVELOPS & IMPLEMENTS SUCH STANDARDS]

IOSCO develops, implements and promotes adherence to internationally recognized standards for securities regulation.

It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.

Question 4

Founded?
HQ?
Asia pacific hub @?

Answer 4

• 1983
• Madrid, Spain
• Kuala Lumpur, Malaysia.

Question 5

SCOPE?

Answer 5

regulates more than 95% of the world’s securities markets