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Securities and derivatives markets
are vital to the growth, development
and strength of market economies.
Properly designed securities and
derivatives markets permit efficient
capital formation and risk management
activities subject to appropriate
protections of customers and the
market. As such they support the
financing of innovative ventures,
secure collective investment and
economic growth. Recognizing that sound
and effective regulation and, in turn,
the confidence it brings, are important
for the integrity, growth and
development of securities markets,
IOSCO adopted the
Objectives and Principles of Securities
Regulation. The Objectives and
Principles provide advice and a
yardstick against which progress toward
effective regulation can be
measured.
The document sets out three
objectives:
- the protection of investors;
- ensuring that markets are fair,
efficient and transparent; and
- the reduction of systemic
risk.
The document also sets out 30
principles of securities regulation
that give practical effect to the
objectives.
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