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Belarus joins International Organization of Securities Commissions as associate member

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MINSK, 23 March (BelTA) – Belarus’ Finance Ministry joined the International Organization of Securities Commissions (IOSCO) as an associate member. The decision was made by the board of the organization, BelTA learned from the Finance Ministry.

Thus, the Finance Ministry has gained access to the most up-to-date approaches in the field of securities market regulation and also an opportunity to seek advice from the organization's experts. IOSCO focuses on enforcement, corporate governance, long-term financing of small and medium-sized businesses and infrastructure, and protecting investor rights to stimulate economic growth.

"Getting the status of an associate member of IOSCO is an important intermediate stage of further integration of the Belarusian stock market into the global financial system. The near-term priority is the accession to the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information, which will enable the Finance Ministry to establish cooperation with most foreign regulators of the securities market and will help Belarusian enterprises attract investment in international capital markets,” the Finance Ministry noted.

Founded in 1983, the International Organization of Securities Commissions (IOSCO) is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector. The organization is headquartered in Madrid and unites 129 ordinary members, 33 associate and 67 affiliate members – countries of the Eurasian Economic Union, the European Union, North America, Australia and Oceania and most of the countries of South America and Southeast Asia.

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