1. IOSCO MMoU IARC/COSRA 16-18 March 2005
by Isabel Pastor
Advisor, IOSCO General Secretariat

2. Potential benefits of the MMoU
Increases the credibility of capital markets
Likelihood that signatories attract increased capital flows & experience a lowering in the cost of capital
Recognition from international bodies & regulators around the world
Moving on implementation of IOSCO Principles

3. IOSCO’s Operational Priorities
Improving enforcement related cross-border cooperation
Implementation of the IOSCO Objectives & Principles of securities regulation

4. How to achieve goals
Establishing the MMoU as the international standard for enforcement related cooperation & exchange of information
Encouraging IOSCO members to become signatories to the MMoU
Asking IOSCO applicants for membership to become signatories to the MMoU

5. Time scale
As soon as possible: expectation to place emphasis on IOSCO MMoU
By 1 January 2010:
become signatories to the IOSCO MMoU
or, alternatively,
Become listed in Appendix B

6. Advantages of being included on Appendix A
It is a statement of your commitment to provide mutual assistance
It is a valuable tool to enhance your ability to detect and deter financial crime in your jurisdictions
It will enable you to advance your domestic investigations by seeking documents and/or testimony from your fellow MMoU signatories

7. Advantages of being on Appendix B
It is a statement of your commitment to seeking the legal authority to comply with the MMoU
Demonstrates your desire to be part of the international regulatory community dedicated to enhancing information-sharing for enforcement purposes
It may assist you to achieve any legislative changes necessary in your jurisdiction in order for you to meet the standards set out in the MMoU

8. How can IOSCO help members?
Frequently Asked Questions doc.
Training
MMoU Assistance Program
Pilot IOSCO Principles & Implementation Program
IOSCO Regional Committees:IARC

9. IOSCO MMoU Assistance Program
Approved by ExCom in 2003
Effectively launched in 2004
Objective: to provide TA to applicants to the MMoU

10. Who is eligible?
All IOSCO members wishing to become signatories to the MMoU or wishing to express commitment to become signatories, but who need TA

11. What does IOSCO provide?
Specialized technical expertise
IOSCO can help members to obtain funding from various sources
FIRST Initiative
Regional Development Banks

12. The Program in practice…
COSTA RICA, Central America
Full scope project funded by FIRST Initiative
THAILAND

13. How to apply?
Send expression of interest to the General Secretariat at or
Questions, comments:

14. We look forward to hearing from you on the MMoU!
Thank you for your attention!