World Investor Week (WIW) has back around again for the third time and it comes just after the international securities regulator released guidance on the mis-selling financial products.
The International Organisations of Securities Commissions (IOSCO) announced that its regulatory membership would be launching a range of activities to promote not only investor education but also investor protection.
Other international bodies will also be participating in World Investor Week (WIW).
“The global scale of World Investor Week and the encouraging collaboration between IOSCO members and their stakeholders in conducting these activities demonstrates IOSCO’s strong commitment to investor education and protection,” IOSCO chair Ashley Adler said in an official message earlier this week.
IOSCO has published frameworks to help improve investor education by publishing Core Competencies Framework on Financial Literacy which is just to help investors navigate an increasingly complex investment environment.
Guidance around mis-selling complex financial products
“The global scale of World Investor Week and the encouraging collaboration between IOSCO members and their stakeholders in conducting these activities demonstrate IOSCO’s strong commitment to investor education and protection.”
In the thematic review that was published late last week, they found that most participating jurisdictions created a strong rules framework around this space.
The problem was that in the thematic review there was finding that none of the regimes had a ‘suitability regime’ that is specifically aimed at complex products.