IOSCO Commits to Deliver on Sustainability Disclosures and Crypto Exchanges in 2023

IOSCO Commits to Deliver on Sustainability Disclosures and Crypto Exchanges in 2023
To advance its primary goals of protecting investors, preserving fair, efficient, and transparent markets, and tackling systemic risks, the Board of the International Organization of Securities Commissions (IOSCO) today announced the 2023–2024 Work Program. The work programme, like the last edition, has a two-year time frame and will be evaluated and updated, as necessary, at the end of 2023 to ensure its continued applicability.

The IOSCO is a group of securities and futures regulators, which comprises of 35 regulators and senior executives, including the leaders of the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and the U.S. Commodities Futures Trading Commission.

The International Organization of Securities Commissions (IOSCO) will begin a consultation for its regulation report on crypto assets in Q2 2023. Moreover, the organisation intends to publish its final recommendations by the end of 2023.

The dates are anticipated in the 2023–24 work programme for IOSCO. Under the proposal created by IOSCO’s Fintech Task Force, two significant procedures are devoted to decentralised assets. The first deals with cryptocurrencies and digital assets, while the second discusses decentralised finance (DeFi). In Q3 2023, the DeFi consultation will commence.

The IOSCO and the Bank for International Settlements presented the stablecoins report for 2022. According to both organisations, the stablecoin arrangement “combines a range of functions to offer an instrument that professes to be utilised as a means of payment and/or store of value”

The work programme text states that the IOSCO will prioritise investor safety in both sectors of the digital market, moreover, IOSCO aim is to support the development of sustainable and innovative capital markets, while enhancing investor protection, maintaining market integrity, and reducing systemic risk.

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