The International Organization of Securities Commissions (IOSCO) released nine policy recommendations on Dec. 19. The organization is seeking to encourage greater consistency of regulatory oversight within and across jurisdictions.

The recommendations are the end result of a process that began with a report released early last year. They are far from groundbreaking — Rule 7, for example, is “enforce applicable laws” — but their value is in the detailed treatment each is given.

Thus, the guidance accompanying Rule 7 lists the various ways a decentralized finance (DeFi) or other market participant could seek to avoid regulation. “Regulators should assess whether they have the appropriate powers, tools and resources,” it advises, and it lists potential tools.

IOSCO finalizes its DeFi Policy Recommendations https://t.co/ZRik9g1mUd @IOSCOPress #defi #defiregulation #defirisks #decentralizedfinance #regulation

— FX News Group (@FXNewsGroup1) December 19, 2023

The report added, “IOSCO is also seeking to encourage consistency in the way crypto-asset markets and securities markets are regulated […] with the principle of ‘same activity, same risk, same regulation/regulatory outcome.’”

Related: IOSCO demands tighter scrutiny over ‘finfluencers’

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Author: Derek Andersen

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