The International Organization of Securities Commissions’ technical committee published its current work program for comment on Friday and it is asking the international financial services community to comment on its program’s priorities and relevance.

IOSCO is also specifically seeking comment on: opportunities to promote just, efficient and sound markets; market risks which might warrant regulatory intervention; regulatory failures; IOSCO’s overall programme of activities; and, the specific ongoing initiatives of IOSCO.

“This dialogue with the industry is significant since it is essential to establishing principles and standards that respond to the challenges of an ever-evolving market, to the risks that might arise and to better regulation,” said Michel Prada, the chairman of IOSCO’s technical committee.

IOSCO says that this more structured comment process will ultimately assist it in ensuring the best possible future work program by both refining the current plan, and by identifying potential new areas of work.

“This process is crucial in contributing to the implementation process of international principles on financial regulation and will ultimately help lead to more convergence, more harmonized practices as well as the removal of barriers to the development of cross-border practices,” Prada added.

Comments are due by June 8.