With reference to the International Organization of Securities Commissions, consider the following statements: It is a specialized agency of the United Nations. The International Financial Services Centres Authority (IFSCA)is an associate member of this commission.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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With reference to the International Organization of Securities Commissions, consider the following statements:

It is a specialized agency of the United Nations.
The International Financial Services Centres Authority (IFSCA) is an associate member of this commission.

Which of the statements given above is/are correct?

a)
1 Only
b)
2 Only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'B'. Can you explain this answer?

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Daily Current Affairs MCQ- January 13, 2023

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With reference to the International Organization of Securities Commiss...

Recently, the Securities and Exchange of India proposed a framework for index providers to improve transparency and accountability in the domestic securities market.

The index provider shall be a legal entity incorporated under the Companies Act in the country of origin and should have a minimum net worth of Rs 25 crore.
The proposed regulation shall apply to index providers of both domestic and foreign.
The index providers must be assessed by independent external auditors to evaluate adherence to International Organization of Securities Commissions (IOSCO) principles once in two years.

What is IOSCO?

It was established in 1983.
It is the international body that brings together the world's securities regulators and is recognized as the global standard-setter for the securities sector.
It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.
There are three categories of members: Ordinary, Associate and Affiliate.
Recently, the International Financial Services Centres Authority (IFSCA) has become an associate member of this organisation.

Hence only statement 2 is correct.

Answered by Notes Wala · View profile

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With reference to the International Organization of Securities Commissions, consider the following statements: It is a specialized agency of the United Nations. The International Financial Services Centres Authority (IFSCA)is an associate member of this commission.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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