Partner Kevin Edgar recently prepared a comment letter from the Equity Markets Association (EMA) on the International Organization of Securities Commissions (IOSCO) Consultation Report titled “Evolution in the Operation, Governance and Business Models of Exchanges: Regulatory Implications and Good Practices.” In the letter, EMA provided perspective on the following issues:
- Benefits of Exchange Demutualization and Diversified Business Models
- Competition and Regulatory Considerations
- Effective Risk and Conflict Management
- Supervisory Coordination
- Principles-Based Approaches