News Media Conference

Monday, 16 February 2004, 3:33 pm
Press Release: Securities Commission

NEWS MEDIA CONFERENCE

ASIA-PACIFIC REGIONAL COMMITTEE of the INTERNATIONAL ORGANISATION OF SECURITIES COMMISSIONS (IOSCO)

The Securities Commission is hosting the annual meeting of the Asia-Pacific Regional Committee of IOSCO in Wellington on Friday 19th February 2004. This is the first time an IOSCO committee has met in New Zealand.

Chairmen and enforcement directors from securities commissions throughout the Asia-Pacific region are attending. Countries represented are Australia, Bangladesh, Brunei, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Viet Nam.

The aim of the APRC is to foster cooperation between securities regulators for effective supervision and enforcement of securities laws.

Chairman of the meeting is Datuk Ali Abdul Kadir, who is also the Chairman of the Securities Commission of Malaysia. Speaking after the last APRC meeting in Sri Lanka, Mr Kadir said that securities markets face many challenges in uncertain global conditions. He stressed the need for securities regulators to be highly vigilant and responsive in order to minimise the impact of such risks.

News Media Conference

APRC Chairman, Datuk Ali Abdul Kadir, will hold a news media conference following the APRC Meeting and the Enforcement Directors’ Meeting on Friday 20th February at 5pm at TelstraClear Centre, Level 3, Te Papa

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