International Organization of Securities Commissions

What International Organization of Securities Commissions does

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 securities regulation. Founded in 1983 by 11 securities regulatory agencies from North and South America, IOSCO now has over 200 members from more than 130 jurisdictions that collectively regulate 99% of the world's securities and derivatives markets. It is governed by a Board of 34 securities regulators and operates through 8 policy committees covering issuer accounting and disclosure, secondary markets, market intermediaries, enforcement, investment management, credit rating agencies, derivatives, and retail investors, plus a Growth and Emerging Markets (GEM) Committee and regional committees spanning Africa/Middle East, Asia-Pacific, Europe, and the Inter-American region.

IOSCO's core deliverables are regulatory frameworks and cooperative mechanisms rather than commercial products. Its foundational outputs are the Objectives and Principles of Securities Regulation (adopted 1998, endorsed by the G20 and FSB) and the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (MMoU, established 2002, now signed by 131 of 167 eligible members). Recent product launches include the AI Supervisory Toolkit for Capital Markets (May 2026), the SupTech Report on Technology in Financial Supervision (June 2026), Recommendations for Secondary Market Disclosure (June 2026), and a Final Report on Valuing Collective Investment Schemes (June 2026). It also operates the I-SCAN Investor Alert Network for cross-border retail investment fraud alerts and runs capacity-building programs including the IOSCO/PIFS Harvard Law School Global Certificate Program.

IOSCO is a not-for-profit international organization legally incorporated under a private act in Quebec in 1987, with its Secretariat headquartered in Madrid, Spain since 1999, and a regional hub in Kuala Lumpur, Malaysia. It is funded through annual membership contributions on a differential fee structure across three membership tiers — Ordinary (national securities regulators), Associate (supranational and intergovernmental bodies including IMF, World Bank, BIS, FSB), and Affiliate (self-regulatory organizations, exchanges, and financial market infrastructures) — supplemented by annual conference revenue. The Secretariat is led by Secretary General Rodrigo Buenaventura (appointed January 2025) and Deputy Secretary General Tajinder Singh, with a small professional staff supplemented by secondments from member jurisdictions.

Name

International Organization of Securities Commissions

Legal name

International Organization of Securities Commissions

Website

https://iosco.org

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

101–250 employees

Short description

IOSCO is the international standard setter for securities regulation, bringing together over 200 regulators from 130+ jurisdictions that supervise 99% of the world's financial markets. It issues binding frameworks like the MMoU, publishes supervisory guidance on AI and SupTech, and operates the I-SCAN cross-border investor fraud alert network.

Ownership category

akta.pro rank

Product category

Securities Regulation and International Standard-Setting Services

NAICS

International Affairs (92812), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (92615)

SIC

Services-Membership Organizations (8600), International Affairs (9721)

akta.pro primary industry

Conformity Assessment, Testing, Inspection & Certification Cooperation (BPADANAD)

akta.pro secondary industries

Regulatory Compliance Advisory (BPAHAFAB), Regulator/Authority Connectivity & Submission Gateways (APIs, Portals) (FSAFAKAN)

Keywords

• Securities regulation standards
• Cross-border enforcement cooperation
• Investor protection frameworks
• Regulatory capacity building
• Financial market supervision

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Membership Contributions: IOSCO is funded through membership contributions from its three categories of members (Ordinary, Associate, Affiliate). Membership contributions are based on a differential fee structure determined by the type of membership and size of the member jurisdiction's market. Contributions are submitted in writing to the Secretary General.
2. Annual Conference Fees: Revenue generated from the annual IOSCO conferences held in different host jurisdictions, including registration fees for attendees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

IOSCO develops international standards, principles, and policy frameworks for securities regulation and facilitates cross-border enforcement cooperation among the world's securities regulators through the MMoU and I-SCAN alerts network. It also delivers capacity-building and training programs and publishes guidance (including the AI Supervisory Toolkit and SupTech reports) to support its member regulators.

Product overview

IOSCO is a global securities and derivatives regulators association and standard-setting body (not a commercial product company). It offers a portfolio of regulatory frameworks, guidance tools, and cooperative mechanisms including the AI Supervisory Toolkit for capital market oversight, the I-SCAN investor fraud alerts platform, SupTech research publications, and the MMoU for cross-border regulatory cooperation. The organization's products are standards, guidelines, and cooperative frameworks rather than commercial software products.

Differentiator

Problem solved

Functional benefit

Products and services

• IOSCO Multilateral Memorandum of Understanding (MMoU) International framework for cross-border consultation, cooperation, and exchange of information among securities regulators, enabling enforcement cooperation to combat cross-border fraud and misconduct. Endorsed as the international benchmark for cross-border cooperation.
• IOSCO Objectives and Principles of Securities Regulation Comprehensive 38-principle framework endorsed by the G20 and FSB, serving as the overarching core principles for international securities regulation and as the basis for FSAP evaluations by the IMF and World Bank.
• AI Supervisory Toolkit for Capital Markets Toolkit designed to help securities regulators supervise AI use in capital markets, addressing risks around opacity, bias, data protection, cybersecurity, and accountability, while supporting AI-enabled surveillance, risk assessment, fraud detection, and investor servicing.
• SupTech Report on Technology in Financial Supervision Report mapping how member regulators leverage supervisory technology (SupTech) across financial supervision functions, providing shared understanding and guidance for the global regulatory community.
• I-SCAN (International Securities & Commodities Alerts Network) Investor protection platform providing retail investment fraud alerts to help combat investment scams through international cooperation among IOSCO's securities regulator members.
• Capacity Building and Training Programs (including IOSCO/PIFS Harvard Law School Global Certificate Program and annual Seminar Training Program) Structured training and capacity building programs for member regulators, including the IOSCO/PIFS Harvard Law School Global Certificate Program and the annual IOSCO Seminar Training Program (STP), as well as regional seminars for emerging markets.
• Annual IOSCO Conferences and Regional Committee Meetings Annual conferences hosted in rotating jurisdictions, Presidents Committee meetings, and regional committee meetings (Africa/Middle East, Asia-Pacific, European, Inter-American) providing engagement and knowledge-sharing forums for member regulators.
• IOSCO Membership (Ordinary, Associate, Affiliate categories) Membership-based access to IOSCO's standards-setting, cross-border cooperation, capacity building, and policy engagement programs, across three categories: Ordinary Members (national securities regulators), Associate Members (supranational/intergovernmental bodies), and Affiliate Members (SROs, exchanges, market infrastructures).

Quantifiable outcome

• 99% of world securities markets regulated by IOSCO members
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core.

• Financial Stability Board (FSB)coreStrategic or Co-development PartnerIOSCO works closely with the FSB on the global regulatory reform agenda. The FSB has encouraged IOSCO to continue work on cross-border enforcement cooperation. IOSCO's Objectives and Principles are endorsed by the FSB.
• Basel Committee on Banking Supervision (BCBS)coreStrategic or Co-development PartnerIOSCO collaborates with BCBS on financial stability issues and is a member of the Monitoring Group for audit standard-setting. BCBS participates as observer in the IFRS Foundation Monitoring Board.
• Committee on Payments and Market Infrastructures (CPMI)coreStrategic or Co-development PartnerIOSCO collaborates with CPMI on financial market infrastructure issues. CPMI-IOSCO joint reports address risk management, liquidity, and recovery planning for financial market infrastructures.
• International Monetary Fund (IMF)coreStrategic or Co-development PartnerIOSCO's Objectives and Principles form the basis for evaluation of the securities sector for the IMF's Financial Sector Assessment Programs (FSAPs). IMF participates as associate member.
• World BankcoreStrategic or Co-development PartnerIOSCO's Principles serve as the basis for evaluation of securities sectors in World Bank FSAPs. World Bank is a member of the Monitoring Group for audit standard-setting.
• IFRS FoundationcoreStrategic or Co-development PartnerIOSCO participates in the IFRS Foundation Monitoring Board alongside the European Commission, US SEC, Japanese FSA, Brazilian CVM, Korean FSC, Chinese Ministry of Finance, and UK FCA. IOSCO GEM Committee has a seat on the IFRS Foundation Monitoring Board.
• International Association of Insurance Supervisors (IAIS)coreStrategic or Co-development PartnerIOSCO collaborates with IAIS on cross-sectoral financial stability issues. IAIS is a member of the Monitoring Group for audit standard-setting and IOSCO participates in IAIS Executive Committee through FSA Japan.
• Africa and Middle East Regional Committee (AMERC) MemberscoreStrategic or Co-development PartnerAMERC brings together 41 regulatory authorities across Africa and the Middle East under IOSCO's regional structure. Led by UAE Capital Market Authority CEO H.E. Waleed Al Awadhi, it focuses on digital assets, sustainable finance, and capacity building.
• European Securities and Markets Authority (ESMA)coreStrategic or Co-development PartnerESMA serves as an observer to the IOSCO Board. ESMA's Chair Ms. Verena Ross participates in IOSCO Board observer capacity, facilitating EU regulatory coordination.
• Canadian Investment Regulatory Organization (CIRO)coreStrategic or Co-development PartnerCIRO serves as an observer to the IOSCO Board. CIRO's President Andrew J. Kriegler chairs the Affiliate Members Consultative Committee (AMCC), providing private sector perspective into IOSCO policy work.
• G20coreStrategic or Co-development PartnerG20 leaders have endorsed IOSCO's Objectives and Principles of Securities Regulation. The G20 has encouraged IOSCO to continue its work on cross-border enforcement cooperation and efforts to deal with uncooperative jurisdictions.
• Harvard Law School / PIFScoreImplementation/ SI/ Consulting PartnerIOSCO collaborates with Harvard Law School's Program on International Financial Systems (PIFS) on the Global Certificate Program for capacity building of regulators.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• World Bank: The World Bank is an IOSCO associate member and uses IOSCO Principles for FSAP evaluations of securities sectors. While not a direct regulatory peer, World Bank's financial sector development work parallels IOSCO's emerging market capacity building mission.
• International Monetary Fund (IMF): The IMF is an IOSCO associate member and uses IOSCO's Principles as the basis for FSAP evaluations of securities sectors. While broader in mandate (macroeconomic and monetary), IMF is a peer in the international financial architecture.
• Bank for International Settlements (BIS): BIS hosts multiple international financial committees including BCBS and CPMI, and is an IOSCO associate member. While IOSCO is independent, BIS provides secretariat support for several peer standard-setters that overlap with IOSCO's mandate.

Direct peers

• Financial Stability Board (FSB): The FSB coordinates international financial stability oversight among G20 economies and has formally endorsed IOSCO's Principles. It is a peer-level international standard-setting body that IOSCO collaborates with closely on cross-border enforcement and systemic risk monitoring.
• IFRS Foundation: The IFRS Foundation sets global accounting standards through the IASB. IOSCO has a seat on the IFRS Monitoring Board and the two organizations work together on issuer disclosure and audit oversight, making IFRS a natural peer in the global standards ecosystem.
• Committee on Payments and Market Infrastructures (CPMI): CPMI is IOSCO's joint-standards partner for financial market infrastructure oversight, co-publishing the PFMI standards. They operate a deeply integrated CPMI-IOSCO structure for FMI risk management, making them the closest operational peer to IOSCO.
• Basel Committee on Banking Supervision (BCBS): The BCBS sets global standards for banking supervision through the Bank for International Settlements. As IOSCO's direct counterpart for securities markets, BCBS collaborates with IOSCO on financial stability and cross-sectoral issues, sharing a similar membership-based, consensus-driven, standards-setting model.
• International Association of Insurance Supervisors (IAIS): IAIS is the global standard setter for insurance supervision, working alongside IOSCO on cross-sectoral financial stability issues. IAIS and IOSCO collaborate on the Monitoring Group for audit standard-setting and share a similar membership-based governance model.

Others

• Financial Action Task Force (FATF): FATF sets global standards for anti-money laundering and counter-terrorist financing, an adjacent but distinct regulatory domain. FATF and IOSCO collaborate on cross-cutting issues like crypto-asset regulation but serve different regulatory functions.

Regional players

• European Securities and Markets Authority (ESMA): ESMA serves as an observer to the IOSCO Board and is a key EU securities regulator. While regional in scope, ESMA's binding rulemaking (e.g., MiCA) increasingly influences and competes with IOSCO's global standards.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/international-organization-of-securities-commissions-iosco-
• Xx.com/ioscopress

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about International Organization of Securities Commissions