Jean-Paul Servais News

Iosco says that its recommendations should support greater consistency of regulatory frameworks and oversight for the nascent sector in member jurisdictions. They cover six areas: understanding DeFi arrangements and structures; achieving common standards of regulatory outcomes; identification and management of key risks; clear, accurate and comprehensive disclosures; enforcement of applicable laws; and cross-border cooperation. The DeFi recommendations compliment others for crypto and digital asset markets issued last month. Jean-Paul Servais, chair, Iosco, says: "The risks of crypto-asset markets are real and we are tackling these in a coordinated manner, seeking consistent implementation of these Iosco Recommendations across our membership to best protect investors globally."

Regulators of the world’s top stock exchanges gave their backing to the international climate-reporting standards framework Tuesday, adding momentum to efforts to establish the rules as the global baseline. The International Organization of Securities Commissions, known as Iosco, endorsed the International Sustainability Standards Board’s recently published climate reporting standard. Iosco’s board of 35 securities regulators—which includes the U.S.

Up to 130,000 companies across the world are set to use new sustainability standards developed by the International Sustainability Standards Board, according to one of the world's most senior regulators.

As well as the disclaimer, all advertisements must also contain a broader warning or a link or reference to such a warning. The broader warning should sum up the various risks in greater detail.States the FSMA: "Virtual currencies are all the rage at the moment, but they involve considerable risk.

Belgium's financial regulator has outlined new crypto advertising laws that require virtual currency firms to include a stark warning about potential risks in their advertisements. 

As well as the disclaimer, all advertisements must also contain a broader warning or a link or reference to such a warning. The broader warning should sum up the various risks in greater detail.States the FSMA: "Virtual currencies are all the rage at the moment, but they involve considerable risk.

Madrid-based IOSCO is an umbrella body for market watchdogs.(File)