The International Organization of Securities Commissions (IOSCO) has released a set of policy recommendations aimed at promoting consistency in regulatory oversight across jurisdictions. These recommendations, which follow a report released last year, provide detailed guidance on various aspects of regulation.
One of the recommendations, Rule 7, emphasizes the importance of enforcing applicable laws. The accompanying guidance highlights the need for regulators to assess their powers, tools, and resources to effectively regulate decentralized finance (DeFi) and other market participants. It also lists potential tools that can be utilized.
In addition to addressing DeFi, IOSCO is also focused on promoting consistency in the regulation of crypto-asset markets and securities markets. The organization aims to apply the principle of “same activity, same risk, same regulation/regulatory outcome” to ensure a level playing field.
IOSCO’s DeFi recommendations complement a set of crypto and digital asset recommendations released earlier. The organization has provided a note on how these two sets of recommendations should be applied together, taking into account the level of decentralization of the regulated entity.
IOSCO, which consists of over 130 authorities regulating 95% of the world’s financial markets, will now shift its focus to monitoring, regulatory capacity building, and providing technical assistance to its members.
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| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | IOSCO, Lawmakers, FX News Group, IOSCOPress |
| Currencies | None |
| Securities | None |
