What is IOSCO?

• A. Global group of securities regulators; SFC is a member
• B. Local association of brokers
• C. Insurance regulatory body
• D. Financial market operator

Answer: (A)

IOSCO, the International Organization of Securities Commissions, is a global network of securities regulators. It brings together regulator authorities from many countries to develop and promote high standards for securities regulation, share information, and cooperate on跨-border enforcement and policy issues that affect global markets. Being a member, like the SFC in Hong Kong, shows how regulators work together internationally to harmonize practices and address cross-border challenges. This is why IOSCO is described as a global group of securities regulators. It isn’t a local brokers’ association, an insurance regulator, or a financial market operator, so those options don’t fit.