New strategic direction for IOSCO cont ...
At the conference, IOSCO adopted a timetable by which all remaining
members will be asked to meet this benchmark by 1 January 2010. By
this date all member regulators should have applied for and been accepted
as signatories under Appendix A of the MMOU or have expressed (via
Appendix B) a commitment to seek legal authority to enable them to become
signatories. In order to achieve these objectives, IOSCO will provide resources
to members including technical assistance so that progress is made. IOSCO
will also provide increased resources to assist members with the systematic
implementation of the full spectrum of IOSCO's Principles. It is anticipated
that these measures will deliver significant benefits as the enforcement activities
of members become stronger and national markets are made more attractive to
investors.
Jane Diplock said that "New Zealand can be justifiably proud in being an
architect of the new strategic direction of IOSCO and seeing it through to its
formal adoption in Colombo." She also paid tribute to the support of Andrew
Sheng (Chairman of the Technical Committee), Dogan Cansizlar (Chairman
of the Emerging Markets Committee) and each of the IOSCO regional
committee chairs in achieving the outcome.
IOSCO has a membership of over 100 jurisdictions around the world. These
jurisdictions regulate more than 90 percent of securities markets worldwide.
The final communiqué from the Colombo conference is published in full on
the IOSCO website (www.iosco.org).
Best places to work
The Securities Commission was named as one of the Top 20 workplaces in New Zealand by Unlimited magazine.
"The result is a confirmation of the Commission's positive and vibrant organisational culture," said Jane Diplock, Chairman.
"It is a great tribute to Commission staff that they have fostered a supportive, collegial and enthusiastic work environment while delivering increasingly good outcomes for New Zealand capital markets. They are a creative, fun team who enjoy working together and who are extremely professional and dedicated as well. The Commission is extremely proud of its staff."
The Commission scored most highly on questions concerning satisfaction with the physical work environment, a belief in what the organisation is trying to achieve, and being treated with respect by managers.
The Unlimited magazine's Best Places to Work in New Zealand Survey 2004 benchmarked employee satisfaction by surveying nearly 17,000 employees from 161 organisations in New Zealand.
