Committee on Derivatives (Committee 7)

Committee 7 focuses on issues related to all types of derivatives products and markets. Committee 7’s membership consists of experts on exchange-traded and over-the-counter derivatives, the G20 reforms on OTC derivatives, and commodity derivatives.

Committee 7 was formed in 2017 by merging the former IOSCO Committee on Commodity Derivatives and the IOSCO OTC Derivatives Task Force (OTCDTF). To date, Committee 7 has carried out G20 mandated projects on "Principles for Oil Price Reporting Agencies" and "Principles for the Regulation and Supervision of Commodity Derivatives Markets" and other important IOSCO projects, including "Efficient Resiliency", "Third Party Service Providers", and "Storage and Delivery Infrastructures".

Members of Committee 7


Mr. Kevin Fine, Director, Derivatives, Ontario Securities Commission, Ontario


Ms. Xin Cheng, Deputy Director-General, Department of Futures Supervision, China Securities Regulatory Commission, China

Members (30)

Alberta Securities Commission, Alberta
(Paula Kaner, Manager, Market Oversight)

Australian Securities and Investments Commission, Australia
(Mr. Alex Orgaz-Barnier, Senior Manager, Financial Market Infrastructure)

Comissão de Valores Mobiliários, Brazil
(Mr. Sergio Ricardo Silva Schreiner, Examiner, Trading and Markets Supervision Office)

China Securities Regulatory Commission, China
(Mr. Shaoming Yan, Deputy Director General, Department of Futures Supervision / Ms. Weifei Wu, Deputy Director, Department of Futures Supervision / Ms. Xin Cheng, Deputy Director-General, Department of Futures Supervision / Xueqian Wang)

Dubai Financial Services Authority, DIFC, Dubai
(Mr. Wael El Nagar, Senior Manager, DFSA Markets division / Mr. Eric Salomons, Director, Head of DFSA Markets division)

Autorité des marchés financiers, France
(Mr. Patrice Aguesse, Head of Markets Regulation Policy Division / Claire Guillaumot)

Bundesanstalt für Finanzdienstleistungsaufsicht, Germany
(Ms. Stephanie Kirchmeier)

Securities and Futures Commission, Hong Kong
(Mr. George Tam, Associate Director of the Supervision of Markets Division (SOM Division) / Mr. Stanley Ng, Senior Manager of the SOM Division)

Securities and Exchange Board of India, India
(Mr. V. S. Sundaresan, Executive Director)

Commissione Nazionale per le Società e la Borsa, Italy
(Ms. Isadora Tarola, Head of Market Infrastructures Surveillance Office / Mr. Luca Amadei, Senior Officer, Market Division, Post-Trading Office)

Financial Services Agency, Japan
(Daiki Tsushima)

Ministry of Agriculture, Forestry and Fisheries, Japan
(Mr. Shirara Shiokawa, Director General for Food Industry Affairs Bureau / Mr. Hideyuki SAKAMOTO, Deputy Director,Commodity Trade Division)

Financial Services Commission/Financial Supervisory Service, Korea, Republic of
(Mr. Kwonsoon Lim, Lead Manager, Derivatives Market Team, Capital Market Supervision Department / Ms. Sangmi Heo, Associate, Derivatives Market Team, Capital Market Supervision Department)

Capital Markets Authority, Kuwait
(Mr. Abdulrahman Mohamad, Head of International Relations / Khalid Al Sahli, Trading Section Manager, Markets Regulation Department)

Comisión Nacional Bancaria y de Valores, Mexico
(Ms. Alba Patricia Rodríguez Chamorro, Deputy Director General, Securities Regulation)

The Dutch Authority for the Financial Markets, The Netherlands
(Mr. Bas Verschoor / Mr. Joost Wensveen, Manager Capital Markets, Strategy, Policy & International Affairs Division)

Ontario Securities Commission, Ontario
(Mr. Kevin Fine, Director, Derivatives)

Polish Financial Supervision Authority, Poland
(Dr. Robert Rybski, Head of Trading Platforms Unit (Financial Market Development Department))

Autorité des marchés financiers, Quebec
(Ms. Lise Estelle Brault, Senior Director, Derivatives Oversight / Angelica Shuldiner, Senior Policy Advisor)

The Bank of Russia, Russia
(Mr. Maxim Kokorev, Head of Financial Market Participants Unit, Financial Market Strategy Department / Mr. Mikhail Arakelian, Head of Commodity Market Development Section at Securities Market and Commodity Market Department / Mr. Pavel Ivanov, Head of Commodities Market Unit at Securities Market and Commodity Market Department)

Capital Market Authority, Saudi Arabia
(Abdulaziz Alsudais, Officer, Investment Products Development Initiatives)

Monetary Authority of Singapore, Singapore
(Ms. Merion Anggerek, Director & Head (Capital Markets Policy Division) (Markets Policy & Infrastructure Department) / Ms. Yolanda Cosntantine, Director & Specialist Leader (Derivatives Regulation) (Markets Policy & Infrastructure Department))

Financial Sector Conduct Authority, South Africa
(Mr. Udesh Naicker, HOD: OTC Markets and Issuers & Market Infrastructures)

Comisión Nacional del Mercado de Valores, Spain
(Mr. Jose Luis Pablos)

Swiss Financial Market Supervisory Authority, Switzerland
(Dr. Hans-Claas Bernhardt, Manager, Legal Market Infrastructures)

Capital Markets Board, Turkey
(Mr. Ahmet Gokhan Arslan, Expert, Intermediary Activities Department / Göksu Saltan)

Financial Conduct Authority, United Kingdom
(Mr. Paul Willis, Technical Specialist / Ms. Anne Wrobel, Technical Specialist)

Commodity Futures Trading Commission, United States of America
(Ms. Lily Chu, Senior Special Counsel, Office of International Affairs)

Securities and Exchange Commission, United States of America
(Ms. Carol McGee, Assistant Director, Office of Derivatives Policy)

National Futures Association, United States of America
(Ms. Karen K. Wuertz, Senior Vice President, External Affairs and Communications)