Committee on Retail Investors (Committee 8)
IOSCO believes the need for investor education and financial literacy has never been greater than today. As the financial marketplace continues to evolve and innovate, investment products are becoming increasingly complex and financial services increasingly diverse. Greater understanding of key financial concepts is required on the part of retail investors to understand and evaluate the choices available to them and to avoid financial fraud. Strengthening investor education and financial literacy programs also is essential at a time when responsibility for saving and investing for retirement is shifting from the employer to the individual in many jurisdictions.
In response to these challenges, the IOSCO Board approved the establishment of the Committee 8 on Retail Investors in June 2013. The Committee's primary mandate is to conduct IOSCO's policy work on retail investor education and financial literacy. Its secondary mandate is to advise the IOSCO Board on emerging retail investor protection matters and conduct investor protection policy work as directed by the IOSCO Board.
In November 2014, Committee 8 published a final report on the Strategic Framework for Investor Education and Financial Literacy, which describes IOSCO's role in promoting investor education and financial literacy and its strategic approach to both.
Members of Committee 8
Chairman
Mr. Pasquale Munafò, Senior Finance Professional, Commissione Nazionale per le Società e la Borsa, Italy
Vice-Chairman
Mr. Camille Beaudoin, Director, Financial Education Department, Autorité des marchés financiers, Quebec
Members (38)
Comissão do Mercado de Capitais, Angola
Comisión Nacional de Valores, Argentina
Australian Securities and Investments Commission, Australia
Financial Services and Markets Authority, Belgium
Comissão de Valores Mobiliários, Brazil
China Securities Regulatory Commission, China
Autorité des marchés financiers, France
Bundesanstalt für Finanzdienstleistungsaufsicht, Germany
Securities and Futures Commission, Hong Kong
Securities and Exchange Board of India, India
Indonesia Financial Services Authority, Indonesia
Israel Securities Authority, Israel
Commissione Nazionale per le Società e la Borsa, Italy
Financial Services Agency, Japan
Jersey Financial Services Commission, Jersey
Financial Services Commission/Financial Supervisory Service, Korea, Republic of
Commission de Surveillance du Secteur Financier, Luxembourg
Securities Commission, Malaysia
Comisión Nacional Bancaria y de Valores, Mexico
Securities and Exchange Commission, Nigeria
Ontario Securities Commission, Ontario
Comissão do Mercado de Valores Mobiliários, Portugal
Autorité des marchés financiers, Quebec
Financial Supervisory Authority, Romania
The Bank of Russia, Russia
Capital Market Authority, Saudi Arabia
Monetary Authority of Singapore, Singapore
Financial Sector Conduct Authority, South Africa
Comisión Nacional del Mercado de Valores, Spain
Securities and Exchange Commission of Sri Lanka, Sri Lanka
Finansinspektionen, Sweden
Financial Supervisory Commission, Chinese Taipei
Securities and Exchange Commission, Thailand
Capital Markets Board, Turkey
Financial Conduct Authority, United Kingdom
Commodity Futures Trading Commission, United States of America
Financial Industry Regulatory Authority, United States of America
Securities and Exchange Commission, United States of America
Observers (2)
European Securities and Markets Authority, European Union
Japan Securities Dealers Association, Japan