IOSCO

UK Passes PFMI Assessment for Payment Systems

CPMI and IOSCO released a Level 2 assessment report evaluating the completeness and consistency of the United Kingdom's legal, regulatory, and oversight frameworks for systemically important payment systems (PSs) and central securities depositories/securities settlement systems (CSDs/SSSs) as of 30 September 2023. The assessment found that the UK's implementation of the PFMI is complete and consistent with all Principles for PSs, and the legal frameworks for CSDs/SSSs are complete and consistent in most aspects. Some areas of improvement were identified, particularly in risk and governance principles where implementation was broadly, partly, or not consistent with the PFMI.

IMF-IOSCO Joint Conference on Digital Assets and Retail Access to Illiquid Assets

IOSCO and IMF announced their third joint conference on Market-Based Finance, scheduled for April 13, 2026 in Washington DC. The conference will address digital assets and retail investor access to illiquid assets, featuring participation from SEC Chairman Paul Atkins, FCA CEO Nikhil Rathi, and other international securities regulators from MAS, SEBI, and AMF France. The event will be livestreamed and open to registered IMF/World Bank Spring Meetings participants.

IOSCO Monitoring Group Extends PIOB Board Terms

The IOSCO Monitoring Group has extended the terms of three Public Interest Oversight Board (PIOB) members and the PIOB Chair through December 31, 2027. This action supports the group's objective of advancing high-quality international auditing, assurance, ethics, and independence standards.

IOSCO Consults on OTC Commodity Derivatives Good Practices

IOSCO has published a Consultation Report on Good Practices for over-the-counter (OTC) Commodity Derivatives Markets. The report proposes practices to strengthen the implementation of existing principles related to information collection, intervention powers, and market disruption management. Comments are invited from market participants and regulators.

IOSCO Publishes Final Report on Financial Asset Tokenization

IOSCO has published its Final Report on the Tokenization of Financial Assets, examining its adoption, risks, and regulatory implications. The report aims to build a shared understanding among global securities regulators on how to address emerging challenges in this area.

IOSCO Publishes Recommendations for Neo-Brokers

IOSCO has published a final report with recommendations for securities regulators and neo-brokers. The report addresses challenges posed by neo-broker business models and aims to foster a more transparent and accountable environment, enhancing investor protection measures.

IOSCO Consultation Report on Valuing Collective Investment Schemes

IOSCO has published a consultation report proposing 13 updated recommendations for valuing collective investment schemes (CIS). The report seeks feedback from market participants by February 2, 2026, to modernize existing principles and address evolving market dynamics, particularly concerning illiquid assets and retail investment.

IOSCO/BCBS Report on Margin Requirements for Non-Centrally Cleared Derivatives

IOSCO and BCBS have published a report assessing the implementation of margin requirements for non-centrally cleared derivatives. The report concludes the framework has been effectively implemented with no material issues identified, and no changes are proposed. Ongoing monitoring is recommended.

IOSCO Updates Statement on Non-GAAP Financial Measures

IOSCO has published an updated Statement on Non-GAAP Financial Measures, revising its 2016 and 2002 statements. The update aims to help issuers provide clearer and more useful disclosures to investors, reducing the risk of misleading information.