Page 28 - 期货和衍生品行业监管动态（2025年11月）
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期货和衍生品行业监管动态
Statement on the Importance of High-Quality Valuation Information in
Financial Reporting
These publications are products of the 2025 workplan and part of the outcomes
of the board meeting that took place in Madrid last week. The board also held an open
and constructive dialogue with Andrew Bailey, Chair of the Financial Stability Board
and Governor of the Bank of England, on issues of comment interests. The Board also
considered the 2026 Risk Outlook report, as well as the 2026 Work Plan. Other
outcomes of the meeting will be published later in the month and include reports on
the tokenization of financial assets, on neo-brokers, and on the valuation of collective
investment schemes (CIS).
The Final Report on Pre-Hedging considers IOSCO members’ existing
regulatory approaches to the practice of pre-hedging and identifies potential issues
and gaps in current industry practices and codes. This final report sets out IOSCO’s
definition of pre-hedging with the intention of promoting a consistent interpretation of
the practice and presents a set of recommendations as guidance for regulators. The
final report seeks to facilitate greater consistency and clarity around pre-hedging, and
to promote a level playing field for all participants across jurisdictions, asset classes
and execution types.
The Final Report on ESG Indices as Benchmarks, provides a comparative
analysis between IOSCO’s Principles for Financial Benchmarks (PFBs) and ESG
indices that are used as benchmarks, taking into account IOSCO’s Recommendations
for ESG Ratings and Data Products Providers.
It compares key characteristics and vulnerabilities of ESG indices relative to
traditional financial benchmarks and focuses on identified vulnerabilities as well as on
existing market and regulatory initiatives aimed at addressing these vulnerabilities.
The Consultation Report on Recommendations for Secondary Markets
Disclosures invites comments on proposed Recommendations for Secondary Markets
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