International activity



​International Organization of Securities Commissions

IOSCO-OICV is an international organisation of securities regulators. Established in 1983, it currently comprises circa 200 members (securities regulators and other market participants, such as stock exchanges, international financial and regional bodies), varying between ordinary, associate and affiliate members.

IOSCO's objectives are:

  • to cooperate in developing, implementing and promoting adherence to internationally recognised and consistent standards of regulation, oversight and enforcement in order to protect investors, maintain fair, efficient and transparent markets, and seek to address systemic risks;
  • to enhance investor protection and promote investor confidence in the integrity of securities markets, through strengthened information exchange and cooperation in enforcement against misconduct and in supervision of markets and market intermediaries; and
  • to exchange information at both global and regional levels in order to assist the development of markets, strengthen market infrastructure and implement appropriate regulation.

IOSCO's Objectives and Principles are the Organisation's main tool in developing and implementing international standards of regulation, supervision and enforcement within the scope of securities markets, to be implemented globally by market participants and/or securities regulators.

CMVM is an ordinary member of IOSCO and, since November 2002, a signatory to the IOSCO Multilateral Memorandum of Understanding concerning Consultation and Cooperation and the Exchange of Information – IOSCO MMoU - aiming to aid regulators deter cross-border misconduct.

IOSCO's structure comprises several permanent committees, policy committees and task forces. CMVM is a member of several permanent committees.