IOSCO/MR/24/2024 – Madrid, 29 November 2024
IOSCO has today published its Final Report on the Evolution in the Operation, Governance, and Business Models of Exchanges.
The Final Report addresses significant changes in exchange business models and market structures, highlighting the impact of increased competition, technological advancements, and cross-border activity on exchanges.
Additionally, it outlines a set of six good practices for regulators to consider in the supervision of exchanges that cover three key areas:
- Organization of Exchanges and Exchange Groups
- Supervision of Exchanges and Trading Venues within Exchange Groups
- Supervision of Multinational Exchange Groups
The good practices are also complemented by a non-exclusive list of supervisory tools used by IOSCO jurisdictions to address the issues under discussion, in the form of “toolkits”.
Isadora Tarola, Chair of IOSCO’s Committee on Regulation of Secondary Markets (Committee 2), said: “The evolving landscape of exchanges presents new regulatory challenges. The good practices in this report will help regulators maintain oversight while ensuring market integrity and investor protection. IOSCO remains committed to supporting these efforts.”
