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AMMAN — The Securities Depository Centre announced its official membership in the International Organisation of Securities Commissions (IOSCO) as an associate member, following the organisation's decision to approve its membership application.
Membership is an "important" step in enhancing the centre's position on the international stage, providing it with a broader opportunity to participate in the development of global policies and standards related to the regulation of financial markets, the Jordan News Agency, Petra, reported on Sunday.
It also enhances the exchange of expertise and experiences with its counterparts from relevant bodies and institutions concerned with regulating and developing global financial markets.
The centre stressed that this step aligns with its vision to support the local financial market infrastructure in accordance with the best international practices and standards, and also reflects its commitment to transparency, governance, and developing financial market infrastructure to serve the national economy.
IOSCO is considered the most important global reference in the field of regulating securities markets and adopting related standards.
It includes in its membership over 130 entities from regulatory bodies, financial institutions, and supervisory authorities for financial markets from around the world.
IOSCO contributes to setting standards that ensure the efficiency, fairness, and transparency of global financial markets.
As a member of the organisation, the centre has become a member of the Associate Members' Consultative Committee (AMCC), which promotes cooperation and exchange of expertise among member states in several areas, most notably anti-money laundering, financial technology, cybersecurity, and sustainable finance.
