IFSCA becomes Associate Member of IOSCO

IFSCA becomes Associate Member of IOSCO

• The International Financial Services Centres Authority (IFSCA) has become an Associate Member of the International Organization of Securities Commissions (IOSCO). The Headquarter of IOSCO is at Madrid, Spain.
• The IOSCO is the international organization of the world’s securities regulators, covering more than 95% of the world’s securities markets, and is also the global standard setter for the securities sector.
• With this new membership, IFSCA will get the platform to exchange information at the global level and regional level on areas of common interests and help to learn from the experiences and best practices of the regulators of other well established financial centres.
• The International Financial Services Centres Authority (IFSCA) was established by the Ministry of Finance in April 2020 as a unified authority to regulate all financial services in International Financial Services Centres (IFSCs) in the country.
• The body has its headquarter in Gandhinagar in Gujarat.