Page 23 - 期货和衍生品行业监管动态（2025年3月刊）

期货和衍生品行业监管动态

有关 IOSCO 2025 年所有方案的详细信息，请见工作计划。

IOSCO Unveils Work Program For 2025 (2025/3/12)

Core focus on investor protection and financial stability

The International Organization of Securities Commissions (IOSCO) today

announced its Work Program for 2025, outlining key priorities to enhance financial

resilience, market effectiveness and investor protection in global markets.

Jean-Paul Servais, Chair of the Board of IOSCO and Chair of the Belgium

FSMA, said: “IOSCO remains committed to supporting its members on issues which

resonate with them, working collaboratively with other international organizations

and standard setters to address global challenges and support greater alignment in

regulatory approaches. This cooperation is essential to fostering cohesive and

effective responses to emerging risks in financial markets.”

Strengthening Financial Resilience

IOSCO will continue to prioritize issues related to market-based finance (also

referred to as non-bank financial intermediation or NBFI), in close collaboration

with the Financial Stability Board (FSB). This includes IOSCO’s ongoing
contribution to the FSB’s work on leverage in NBFI and addressing issues related to

non-bank data availability, use and quality. Additionally, IOSCO will finalise its

Revised Recommendations and the accompanying Implementation Guidance on

open-ended funds liquidity management, ensuring they reflect evolving market

dynamics and contribute to greater resilience in the asset management industry.

Supporting Market Effectiveness

To support market integrity and efficiency, IOSCO will address risks associated

with pre-hedging practices employed by market intermediaries, with the aim of

identifying potential vulnerabilities and ensuring fair market practices. IOSCO will

also review its Principles for the Valuation of Collective Investment Schemes,

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