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You are looking at 1 - 10 of 92 items for :

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Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: Technical Assistance Report-Review of Regulations to New Securities Act and Investment Funds Act
International Monetary Fund. Monetary and Capital Markets Department
At the request of the Eastern Caribbean Securities Regulatory Commission (ECSRC), a Monetary and Capital Markets (MCM) Department mission conducted a review of a draft version of the new Investment Funds Regulations (IFR) and Securities Regulations (SR) form May 20–June 30, 2022. The two sets of regulations are a key part of the new regime to govern the capital markets in the member territories of the Eastern Caribbean Currency Union (ECCU).
Keywords:
Securities bill; ECCU member country; investment funds bill; Securities commission; IOSCO principle; Mutual funds; Securities; Securities regulation; Caribbean
Cover IMF Staff Country Reports
Ukraine: Technical Assistance Report-Regulation of Market Abuse and Issuer Disclosure Requirements
International Monetary Fund. Monetary and Capital Markets Department
This Technical Assistance report examines regulation of market abuse and issuer disclosure requirements in Ukraine. The Ukrainian regulatory framework for market abuse and issuer disclosure requirements has significant gaps, whose impact is compounded by the National Securities and Stock Market Commission’s (NSSMC) lack of sufficient supervisory, investigative, and enforcement powers. This has contributed to overall lack of transparency and widespread misconduct in the market, including through issuance and trading of “fictitious” securities. To address the current challenges, the Ukrainian legislation needs to be aligned with the international standards to provide the NSSMC with sufficient means to require enhanced disclosures and combat market abuse.
Keywords:
ISCR; CR; IOSCO principle; Eu legislation; NSSMC regulation; draft legislation; MAR law; insider dealing; Securities; Securities markets; Securities regulation; Stock markets
Cover IMF Staff Country Reports
Ukraine: Technical Assistance Report - Enhancing the Powers and Independence of the National Securities and Stock Market Commission
International Monetary Fund. Monetary and Capital Markets Department
This Technical Assistance Report discusses measures to enhance the powers and independence of the National Securities and Stock Market Commission (NSSMC) in Ukraine. The NSSMC faces significant challenges in its role as the regulator of the Ukrainian securities market. Market activity has been shrinking over the past few years, but misconduct—such as issuance and trading of “fictitious” securities—prevails. Key changes needed relate to enhancing the NSSMC’s ability to conduct investigations of and demand information from any legal or natural person, have access to information otherwise restricted by secrecy laws, assist foreign authorities even without an apparent violation of the Ukrainian securities laws, and maintain the confidentiality of information exchanged under the Multilateral Memorandum of Understanding.
Keywords:
ISCR; CR; IOSCO principle; NSSMC chairman; enforcement activity; independence law; NSSMC's funding; use of resource; Budget planning and preparation; Securities markets; Legal support in revenue administration; Securities regulation; Securities
Cover IMF Staff Country Reports
Switzerland: Financial Sector Assessment Program: Factual Update: IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund
This paper presents a factual update of the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation for Switzerland. Overall, there has been substantial progress in implementing Financial Sector Assessment Program recommendations in various areas of securities regulation. In part, changes have been motivated by the need to adapt securities regulations in Switzerland to international developments. The project to unify financial supervision under the Federal Authority for Market Oversight is expected to strengthen the budgetary independence, staffing, and enforcement powers of the supervisor.
Keywords:
ISCR; CR; securities dealer; securities intermediary; audit company; SFBC practice; securities trading; securities dealers of the SBA; IOSCO principle; jurisdiction of the SFBC; Hedge funds; External audit; Auditing; Securities; Financial Sector Assessment Program; Global
Cover IMF Staff Country Reports
Ukraine
Technical Assistance Report-Regulation of Market Abuse and Issuer Disclosure Requirements
International Monetary Fund. Monetary and Capital Markets Department

draft PD Law. 3 EU legislation only applies to issuers with securities admitted to trading on an RM. IOSCO Principles also apply to issuers that have made a public offer of securities. 4 Except for financial institutions and companies with state ownership interest of at least 25 percent. III. Issuer Disclosure Requirements A. Issuer Initial Disclosure Requirements Findings 10. The current initial disclosure requirements do not comply with IOSCO Principle 16 or the key provisions of the PD . IOSCO Principle 16 requires full

Keywords:
ISCR; CR; IOSCO principle; Eu legislation; NSSMC regulation; draft legislation; MAR law; market abuse; disclosure requirement; NSSMC process; market manipulation
Cover IMF Staff Country Reports
Barbados: Financial System Stability Assessment
International Monetary Fund
This paper presents key findings of the Financial System Stability Assessment for Barbados, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems. Systemic risks in the financial sector are generally contained, although the sector faces considerable challenges. Repercussions of the recent economic recession on the banking system are being felt, and profitability and asset quality are likely to be depressed in the near term.
Keywords:
ISCR; CR; FSAP mission; IMF financial system Stability Assessment; FSAP exercise; IOSCO principle; authority; monetary policy; Central bank bills; Insurance; Commercial banks; Insurance companies; Real time gross settlement systems; Caribbean
Cover IMF Staff Country Reports
Ukraine: Technical Assistance Report - Enhancing the Powers and Independence of the National Securities and Stock Market Commission
International Monetary Fund. Monetary and Capital Markets Department

effect, including costs, of proposed rules (as currently required by Article 8 of the Law on State Regulatory Policy). Removal of an obligation to conduct an analysis of regulatory effect may raise questions about compliance with IOSCO Principles for regulatory processes (see IOSCO Principle 4, and especially Key Question 2(c) of the Assessment Methodology), if the NSSMC does not have a legal obligation to carry out such an analysis, or does not adopt a policy of doing so as a matter of practice. 24. Supervision of the NSSMC’s rulemaking by the SRS does not raise

Keywords:
ISCR; CR; IOSCO principle; NSSMC chairman; enforcement activity; independence law; NSSMC's funding; use of resource; civil service remuneration rule; remuneration rule; NSSMC Commission member; supervisory decision
Cover Policy Papers
Offshore Financial Centers - The Assessment Program - A Progress Report
International Monetary Fund
NULL
Keywords:
PP; jurisdiction; IOSCO; assessment; a number of jurisdiction; securities supervision; OFC assessment program; IOSCO principle; FATF recommendation; Information Framework pilot; identified jurisdiction; Offshore financial centers; Anti-money laundering and combating the financing of terrorism (AML/CFT); Terrorism financing; Financial Sector Assessment Program; Caribbean; Pacific Islands; Africa; Asia and Pacific