IOSCO members found mostly compliant with principles for commodity derivatives markets

results on data report

The Board of the International Organization of Securities Commissions (IOSCO) has just published the findings of an updated survey that show respondent IOSCO members to be broadly compliant with the IOSCO Principles for the Regulation and Supervision of Commodity Derivatives Markets (the Principles).

In 2010, the G20 Leaders identified the regulation and supervision of the commodity derivatives markets to be a G20 priority and requested that IOSCO develop the Principles. IOSCO published the Principles in 2011 which help to ensure that commodity derivatives markets are able to facilitate price discovery and hedging activity while avoiding manipulation and abusive trading.

In 2013, the G20 Leaders requested that IOSCO monitor the implementation of the Principles on a regular basis. The report published today represents the third review conducted by IOSCO of the implementation of the Principles, following previous reviews conducted in 2012 and 2014.

Today´s report shows that IOSCO members have made substantial progress towards achieving full compliance and, in many cases, have strengthened their implementation of the Principles. The report provides a summary of the updated survey results and sets out the specific areas in which IOSCO members have achieved compliance through the implementation of regulatory reforms.

The survey provided an opportunity for IOSCO members to self-audit their current regulatory practices and identify the measures that could help them comply with the Principles. IOSCO members from EU member states prepared a single joint response to the survey.

IOSCO believes this third review satisfies the original request by the G20 Leaders, and, unless the G20 requests a further review, this report constitutes the final implementation review.

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