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


Mr. James Andronis, Senior Manager – Market Supervision, Australian Securities and Investments Commission, Australia

Vice Chair

Mr. Jiro Masuda, Deputy Director for International Affairs Office, Financial Services Agency, Japan

Members (36)

Financial Services Regulatory Authority, Abu Dhabi
(Mr. Alan Burke, Executive Director)

Australian Securities and Investments Commission, Australia
(Ms. Calissa Aldridge, Senior Executive Leader, Market Supervision / Mr. David Dworjanyn, Senior Specialist, Market and Participant Supervision / Mr. James Andronis, Senior Manager – Market Supervision)

Securities Commission of The Bahamas, Bahamas
(Ms. Christina Rolle, Executive Director / Ms. Sherinn Munnings, Deputy Manager, Office of the Executive Director)

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

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

China Securities Regulatory Commission, China
(Haoduo Zhang / Ms. Yan Sha, Director General, Department of Fund and Intermediary Supervision / Ms. Yilin Pan)

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 / Mareike Altmann, Senior Policy Officer / Mr. Thomas Volk, Head of Section, International Banking Supervision)

Securities and Futures Commission, Hong Kong
(Monica To, Director / Mr. Francisco Ferreira, Senior Manager, Intermediaries Supervision, Intermediaries)

Securities and Exchange Board of India, India
(Mr. Jeevan Sonparote, Chief General Manager)

Indonesia Financial Services Authority, Indonesia
(Mr. Khoirul Muttaqien, Executive Director, Department of Capital Market Supervision 2A / Mrs. Prihatin Agustyatun Muji Rahayu, Deputy Director)

Israel Securities Authority, Israel
(Mr. Ron Kliein, Director of the Business Development Division)

Commissione Nazionale per le Società e la Borsa, Italy
(Ms. Daniela Gariboldi, Senior officer - International relations / Mr. Francesco Adria)

Financial Services Agency, Japan
(Mr. Jiro Masuda, Deputy Director for International Affairs Office)

Financial Services Commission/Financial Supervisory Service, Korea, Republic of
(Mr. Noh Yoon Chung, Senior Manager, Capital Market System Team, Capital Market Supervision Department / Mr. Min Seok Kim, Associate, 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
(Mr. Rodrigo Hernández, General Director of Securities Supervision / Mr. Otto Torres)

Autorité Marocaine du Marché des Capitaux, Morocco
(Mr. Badre Labiad, Senior Analyst Intermediaries & Custodians Unit / Ms. Hasnaâ Barzali, Head of Market Intermediaries Supervision)

The Dutch Authority for the Financial Markets, The Netherlands
(Pim Wild, Senior Policy Advisor)

Securities and Exchange Commission, Nigeria
(Mr. Zayyanu Bandiya, Assistant Director / Head, Registration Division in the Registration, Exchanges and Market Infrastructure Department)

Ontario Securities Commission, Ontario
(Joseph Della Manna, Manager, Trading & Markets)

Polish Financial Supervision Authority, Poland
(Mr. Grzegorz Markiewicz, Chief Specialist in the Investment Firms 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 / Mr. Arseniy Romanov, Advisor on Economic Issues, Department for Countering Misconduct / Mr. Gleb Mararenko)

Capital Market Authority, Saudi Arabia
(Mr. Hamad Alhusaini, Manager, Market Institutions Development)

Monetary Authority of Singapore, Singapore
(Ms. KOH Hong Eng, Executive Director, Capital Markets Intermediaries Department III / Ms. Yolanda Cosntantine, Director & Specialist Leader (Derivatives Regulation) (Markets Policy & Infrastructure Department))

Comisión Nacional del Mercado de Valores, Spain
(Ms. Sonia Martinez, Coordinator, Authorisation and registry of Investment Services firms / Verónica López Valdés, Coordinator at Supervision of Investment Firms and Credit Institutions Department)

Swiss Financial Market Supervisory Authority, Switzerland
(Mr. Daniel Schmid, Senior Legal & Policy Specialist, Asset Management Division)

Financial Supervisory Commission, Chinese Taipei
(Ms. Doris Lo, Section Chief, Securities Firm Division, Securities and Futures Bureau)

Capital Markets Board, Türkiye
(Mr. Özge KAHRAMAN MOĞULKOÇ, Senior Expert, Market Intermediaries Dept. / Caner YAMAN, Expert, Market Intermediaries Dept.)

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

Financial Conduct Authority, United Kingdom
(Ms. Mhairi Jackson, Manager - Asset Management and Funds Policy / Mr. Lucas Penfold)

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

Securities and Exchange Commission, United States of America
(Devin Ryan / Susan Poklemba)

Financial Industry Regulatory Authority, United States of America
(Mr. Matthew Vitek, Director, International)