IOSCO Announces the Election of Committee Chairs

25 May 2004

IOSCO Announces the Election of Committee Chairs

The International Organization of Securities Commissions (IOSCO) has the pleasure of announcing the: election of Ms. Jane Diplock, Chairperson of the Securities Commission of New Zealand, as the new Chair of its Executive Committee; election of Mr. Andrew Sheng, Chairman of the Securities and Futures Commission of Hong Kong, as the new Chair of its Technical Committee; re-election of Mr. Dogan Cansizlar, Chairman of the Capital Markets Board of Turkey, as the Chair of its Emerging markets Committee.

These elections took place during the 29th Annual Conference of IOSCO which was held from 17 to 20 May in Amman, Jordan. These important elected positions are for a two-year term. The Executive Committee is composed of nineteen ordinary members. It meets periodically during the year and takes all decisions and actions necessary to achieve the objectives of the IOSCO.

The Technical Committee is made up of fifteen ordinary members that regulate some of the world's larger, more developed and internationalized markets. Its objective is to develop practical responses to major regulatory issues relating to the operation of securities markets and to establish principles and set standards.

The Emerging Markets Committee is composed of members not represented on the Technical Committee. Its objective is to develop practical responses to major regulatory issues relating to the operation of securities markets in emerging market jurisdictions, to establish principles and set standards for emerging market jurisdictions, to prepare training programs for the staff of its members, and to generally facilitate the transfer of regulatory expertise.

ENDS

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