Admission of FSC Mauritius to the Monitoring Group Steering Committee of IOSCO AMERC

The main responsibilities of the IOSCO MG Steering Committee inter alia include:

• the approval of process, content and periodicity of the consultation of the MMoU MG members on matters of common concern;
• recommendations to be made on any follow-up action to be decided by the MMoU MG in relation to compliance with provisions of the MMoU and any amendment or extension to the MMoU;
• initiating discussions on ongoing or future initiatives in relation to the MMoU; and the implementation of any assignment in accordance with the MMoU.

Commenting on the admission of the FSC Mauritius to the MG Steering Committee, the Chief Executive, Mr Harvesh Seegolam, stated that “As a member of the Monitoring Group Steering Committee, the FSC Mauritius is called upon to play a more prominent role in assisting in the implementation of the Committee’s strategic goals. We will further engage in constructive dialogues with other signatories of the IOSCO MMoU, especially in the Africa and Middle East regions, to promote more buoyant capital markets ecosystems based on best international practices”.