Committee on Regulation of Market Intermediaries (Committee 3)

Committee 3 seeks to promote investor protection and market efficiency through its recommendations on issues relating to market intermediaries. Recent work includes publication of suitability requirements for the distribution of complex financial products, final guidance for regulators on how to enhance their supervision of intermediaries holding client assets, and contributions to the FSB roadmap on reducing the reliance of financial intermediaries on the ratings of credit rating agencies.

Members of Committee 3


Ms. Claire Kütemeier, Head of Section Code of Conduct Supervision Department, Bundesanstalt für Finanzdienstleistungsaufsicht, Germany

Vice Chair

Ms. Mhairi Jackson, Manager of Wholesale Conduct Policy, Financial Conduct Authority, United Kingdom

Members (37)

Financial Services Regulatory Authority, Abu Dhabi
(Mohamed Ben Salem, Associate Director of International Affairs)

Australian Securities and Investments Commission, Australia
(Mr. David Dworjanyn, Senior Specialist, Market and Participant Supervision)

Comissão de Valores Mobiliários, Brazil
(Mr. Wagner Neustaedter, Market Surveillance Department)

Investment Industry Regulatory Organization, Canada
(Mr. Richard J. Corner, Vice President and Chief Policy Advisor, Member Regulation)

China Securities Regulatory Commission, China
(Ms. Yan Sha, Director General, Department of Fund and Intermediary Supervision)

Autorité des marchés financiers, France
(Mr. Wayne Smith, Special Advisor to the AMF Managing Director, Regulatory Policy and International Affairs Division)

Bundesanstalt für Finanzdienstleistungsaufsicht, Germany
(Ms. Claire Kütemeier, Head of Section Code of Conduct Supervision Department / Dr. Günter Birnbaum, Head of Department / Mr. Thomas Volk, Head of Section, International Banking Supervision)

Deutsche Bundesbank, Germany
(M. Gerald Dillenburg, Head of section, International banking, regulation 1)

Securities and Futures Commission, Hong Kong
(Iris CHOW, Associate Director, Intermediaries Supervision, Intermediaries)

Magyar Nemzeti Bank (The Central Bank of Hungary), Hungary
(Dr. Krisztián Csáky, Head of Secretariat)

Securities and Exchange Board of India, India
(Mr. Nagendraa Parakh, Executive Director / Office of International Affairs)

Indonesia Financial Services Authority, Indonesia
(Mr. Khoirul Muttaqien, Director of Securities Transaction Supervision)

Israel Securities Authority, Israel
(Mr. Shoham Ben-Rubi, Head of International Affairs Division)

Commissione Nazionale per le Società e la Borsa, Italy
(Mr. Francesco Adria / Ms. Irene Tagliamonte, Senior Officer, International Relations Office)

Financial Services Agency, Japan
(Mr. Hidetaka Nishizawa, Deputy Director, Securities Business Division / Mr. Mitsunobu Nakajima)

Financial Services Commission/Financial Supervisory Service, Korea, Republic of
(Mr. Son Seung In, Lead Manager, Capital Market System Team, Capital Market Supervision Department / Mr. Jo Hyun Chul, Senior Manager, Capital Market System Team, Capital Market Supervision Department)

Capital Markets Authority, Kuwait
(Mr. Nawaf Al-Saleh, Strategies Office Director)

Comisión Nacional Bancaria y de Valores, Mexico
(Mrs. Paola Fragoso, Vice Chair for Securities Market Supervision)

Autorité Marocaine du Marché des Capitaux, Morocco
(Ms. Ghizlane Benomar, Head of Intermediaries and Custodians Unit / Mr. Badre Labiad, Senior Analyst Intermediaries & Custodians Unit)

The Dutch Authority for the Financial Markets, Netherlands, The
(Ms. Peggy Bracco Gartner, Senior Supervision Officer)

Securities and Exchange Commission, Nigeria
(Mr. Bassey Mfon)

Ontario Securities Commission, Ontario
(Ms. Marrianne Bridge)

Securities and Exchange Commission, Pakistan
(Mr. Yaser Manzoor, Director/ Head of Department – PRDD(SMD) / Mr. Sajjad Ali, Joint Director– PRDD(SMD))

Polish Financial Supervision Authority, Poland
(Mr. Przemyslaw Trubicki / Mr. Maciej Kurzajewski, Deputy Director, Financial Services, Licensing and Functional Supervision Department)

Autorité des marchés financiers, Quebec
(Mr. Eric Stevenson, Superintendant, Client Services and Distribution Oversight)

Financial Supervisory Authority, Romania
(Ms. Florentina Boboc, Head of the Licensing Division)

The Bank of Russia, Russia
(Mr. Alexey Orlov, Advisor - Financial Market Development Department / Ms. Anush Stepanyan, Chief Expert, Regulatory Acts Implementation Practice Unit, Securities Market and Commodity Market Department / Mr. Arseniy Romanov, Advisor on Economic Issues, Department for Countering Misconduct)

Capital Market Authority, Saudi Arabia
(Mr. Mohammed Almuammar, Inspection Manager)

Monetary Authority of Singapore, Singapore
(Ms. KOH Hong Eng, Executive Director, Capital Markets Intermediaries Department III)

Comisión Nacional del Mercado de Valores, Spain
(Mr. Luis Peigneux, Deputy Director, Supervision of Investment Firms / Ms. Sonia Martinez, Coordinator, Authorisation and registry of Investment Services firms)

Swiss Financial Market Supervisory Authority, Switzerland
(Mr. Felix Lukas Stotz, Legal & Policy Expert, Asset Management Division)

Capital Markets Board, Turkey
(Ms. Tuba Altun, Deputy Head of Strategy Development Department)

Securities and Commodities Authority, United Arab Emirates
(Khaled Ghaith Al Zaabi, Director of Supervision Department, Securities & Commodities Authority)

Financial Conduct Authority, United Kingdom
(Lucas Penfold / Ms. Mhairi Jackson, Manager of Wholesale Conduct Policy)

Commodity Futures Trading Commission, United States of America
(Mr. Mauricio Melara, Associate Director of International Affairs)

Securities and Exchange Commission, United States of America
(Ms. Natasha Vij Greiner, Assistant Chief Counsel, Division of Trading and Markets)

Financial Industry Regulatory Authority, United States of America
(Mr. Michael Solomon, Senior Vice President and Senior Regional Director / Mr. Steven Polansky, Senior Director, Regulatory Programs)