Task Force on OTC Derivatives Regulation

In October 2010, IOSCO established the Task Force on OTC Derivatives Regulation. The aim of the Task Force is to coordinate the efforts of securities and futures regulators in the development of the supervisory and oversight structures for the over-the-counter (OTC) derivatives markets.

The Task Force seeks to develop mechanisms for encouraging consistency among IOSCO members for derivatives regulation. As OTC derivatives also fall within the remit of other regulators and central banks, coordination and cooperation with other standard setting bodies and relevant authorities is an important dimension of the Task Force's work.

Members of the Task Force on OTC Derivatives Regulation

Task Force co-Chair

Mr. Kevin Fine, Senior Advisor Derivatives Unit, Ontario Securities Commission, Ontario

Task Force co-Chair

Mr. Brian Bussey, Associate Director, Trading Practices and Processing, Securities and Exchange Commission, United States of America

Task Force co-Chair

Mr. Warren Gorlick, Associate Director of International Affairs, Commodity Futures Trading Commission, United States of America

Task Force co-Chair

Mr. David Lawton, Director of Markets, Financial Conduct Authority, United Kingdom

Task Force co-Chair

Mr. Sujit Prasad, General Manager, Derivatives and New Products Department, Securities and Exchange Board of India, India

Members (21)

Australian Securities and Investments Commission, Australia

Comissão de Valores Mobiliários, Brazil

Dubai Financial Services Authority, DIFC, Dubai

Autorité des marchés financiers, France

Bundesanstalt für Finanzdienstleistungsaufsicht, Germany

Securities and Futures Commission, Hong Kong

Securities and Exchange Board of India, India

Commissione Nazionale per le Società e la Borsa, Italy

Financial Services Agency, Japan

Comisión Nacional Bancaria y de Valores, Mexico

The Netherlands Authority for the Financial Markets, Netherlands, The

Ontario Securities Commission, Ontario

Comissão do Mercado de Valores Mobiliários, Portugal

Autorité des marchés financiers, Quebec

Monetary Authority of Singapore, Singapore

Comisión Nacional del Mercado de Valores, Spain

Swiss Financial Market Supervisory Authority, Switzerland

Capital Markets Board, Turkey

Financial Conduct Authority, United Kingdom

Commodity Futures Trading Commission, United States of America

Securities and Exchange Commission, United States of America

Related Documents

Press release: IOSCO Forms Task Force on OTC Derivatives Regulation, October 2010

In June 2012, the task force published a report entitled International Standards for Derivatives Market Intermediary Regulation, which recommends high-level international standards for the regulation of market participants that are in the business of dealing, making a market or intermediating transactions in over-the-counter (OTC) derivatives.