The Ontario Securities Commission was elected to the executive committee of the International Organization of Securities Commissions (IOSCO) at the 29th annual IOSCO Conference held in Amman, Jordan from May 17-20.

The OSC’s term is for two years. The OSC will be represented on the executive committee by Chairman David Brown, who is a past chairman of IOSCO’s technical committee.

“The OSC’s involvement in IOSCO has long provided us with an incredible opportunity to share resources, intelligence and enforcement assistance with our global colleagues,” said Brown, in a news release “We look forward to continuing the work we began during the OSC’s chairmanship of the technical committee by making an enhanced contribution to IOSCO and international securities regulation through our membership on the executive committee.”

At the conference, IOSCO endorsed a statement of Principles on Client Identification and Beneficial Ownership for the Securities Industry, which will complement the work of the Financial Action Task Force to combat money laundering. The technical committee published a report on Transparency of Corporate Bond Markets, which calls for greater access to corporate bond market trading information and enhanced market surveillance to improve price discovery mechanisms and deter market manipulation.