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The capital markets authority's World Investor Week started off

posted onOctober 1, 2018

Today kicks off the second annual World Investor Week (WIW),  a week-long campaign initiated by the International Organisation of Securities Commissions (IOSCO).

A key objective of the WIW is to highlight the importance of investor education and protection, and to foster learning opportunities for investors, given today´s rapidly changing environment of online and technological innovations.

The first edition of WWI took place from 2 to 8 October 2017 with securities regulators and other stakeholders from more than 70 countries participating. 

Key messages of WIW included: 

  • Verifying investment professionals are licensed;
  • Conducting research before investing;
  • Understanding the risks that exist in all investments; and
  • Avoiding "get rich quick" and "can't lose" schemes.

This year, from 1 through 7 October, IOSCO securities regulators and other IOSCO members on six continents will provide a range of activities, such as launching investor-focused communications and services, promoting contests to increase awareness of investor education initiatives, organising workshops and conferences, and conducting local/national campaigns in their own jurisdictions.

The Argentine G20 Presidency, the World Bank, the Inter-American Development Bank (IDB), and the Organisation for Economic Co-operation and Development (OECD), The Global Financial Literacy Excellence Center, the Sustainable Stock Exchanges (SSE) initiative, the International Forum for Investor Education, the IFRS Foundation, the Financial Planning Standards Board Ltd, the CFA Institute, and the International Network of Financial Services Ombudsman Schemes (INFO Network), have embraced the project, showing the world that financial education matters and must be taken seriously. 

Ashley Alder, Chair of the IOSCO Board and the CEO of the Hong Kong Securities and Futures Commission
Ashley Alder, Chair of the IOSCO Board and the CEO of the Hong Kong Securities and Futures Commission

“We are deeply appreciative of the strong support provided by the G20 and other international organizations for the IOSCO World Investor Week. This ongoing support underscores the role of the World Investor Week in effectively communicating key messages to market participants regarding investor education, investor protection and financial literacy, in addition to facilitating new initiatives among our members” Ashley Alder, Chair of the IOSCO Board and the Chief Executive Officer of the Hong Kong Securities and Futures Commission, said in a statement.

The International Organization of Securities Commissions (IOSCO) is an international body that brings together the world’s securities regulators and is recognised as the standard setter for the securities sector. The organization's membership regulates more than 95% of the world's securities markets in more than 115 jurisdictions and it continues to expand. 

The IOSCO Board is the governing and standard-setting body of the IOSCO and is made up of 34 securities regulators. The members of the IOSCO Board are the securities regulatory authorities of Argentina, Australia, Belgium, Brazil, China, Egypt, France, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Japan, Kenya, Korea, Kuwait, Malaysia, Mexico, the Netherlands (observer), Ontario, Pakistan, Panama, Portugal, Quebec, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates, the United Kingdom, and the United States of America. 

The Chair of the European Securities and Markets Authority (ESMA) and the Chair of IOSCO´s Affiliate Members Consultative Committee are also observers. 

The Growth and Emerging Markets (GEM) Committee is the largest committee within IOSCO, representing close to 80 per cent of the IOSCO membership, including 11 of the G20 members. 

IOSCO has a permanent secretariat in Madrid, Spain.

UPDATE 02/10/2018

How financial organisations showcase their initiatives for promoting investor education and protection during WIW 2018.

Some highlights:

In Japan, where financial markets are the first in the world to open every morning, the Financial Services Agency inaugurated WIW with a formal ceremony at its headquarters in Tokyo. 

In Brazil, participants are using live sessions on social media to explain the rudiments of sound investing to the young;

French groups are launching a radio campaign to spread the WIW´s key 2 messages on investing wisely;

US participants are holding an educational summit on investing for retirement; in Romania, students are debating financial issues in a public forum;

Hong Kong stakeholders are staging an investor seminar titled Changing landscape, Changing risks;

Pakistani undergraduates are competing in an inter-university stock trading contest;

In Kazakhstan, a financial literacy roadshow is focusing on green and Islamic finance;

Zambian entities are offering awareness programs at schools and universities, workplaces and public forums.