International Organization of Securities Commissions holds third annual World Investor Week
The International Organization of Securities Commissions (IOSCO) recently launched its third annual World Investor Week (WIW) following its success in previous years at attracting more than one thousand financial organizations to showcase their initiatives for promoting investor education and protection across the globe.
From 30 September to 6 October 2019, securities regulators, stock exchanges, international organizations, investor associations and other stakeholders from almost 90 countries are to offer an array of activities to increase awareness of investor education and protection in their jurisdictions, a news report on Daily FT stated.
Accordingly, activities range from workshops and conferences to local/national investor education campaigns, games and contests and many of these events will continue throughout the rest of the year.
In addition to highlighting the importance of investor education and protection, a key objective of the event is to foster learning opportunities for investors – a particularly important goal in the current context of rapid technological innovation and increasingly interconnected financial markets, the new report noted.
The International Organization of Securities Commissions (IOSCO) develops, implements and promotes adherence to internationally recognised standards for securities regulation and comprises of 129 ordinary members and the Securities and Exchange Commission (SEC)of Sri Lanka is a member of IOSCO.
The IOSCO Board conducts the policy work through eight committees.
Sri Lanka’s SEC is a Member of C4 (Committee on Enforcement and the Exchange of Information) and C8 (Committee on Retail Investors).
In 2016 the SEC was admitted to the Committee on Retail Investors taking into consideration the extensive investor education programmes undertaken by the SEC, the report stated.
The Committee consists of 38 members and its primary mandate is to conduct IOSCO’s policy work on retail investor education and financial literacy, the report further noted.
OSL take:
Sri Lankan authorities are focused on wooing more foreign investments to the country. Sri Lanka’s geographical positioning in the Indian Ocean region, the ease of doing business environment in the country and the many trade agreements as well as trade concessions enjoyed by the country have made the island the ideal business/investment destination in South Asia. Sri Lanka has recorded a drastic increase in foreign direct investment during the past few years and is on the increase.
| Article Code : | VBS/AT/04102019/Z_8 |