IFRS Foundation and IOSCO strengthen cooperation

  • IFRS Foundation (blue) Image
  • IOSCO (International Organization of Securities Commissions) (dark gray) Image

01 Jun, 2016

The International Organization of Securities Commissions (IOSCO) and the IFRS Foundation have published a joint Statement of Protocols for cooperation on IFRSs, aiming to "promote and facilitate transparency within capital markets through the development and consistent application of IFRS Standards."

This Statement of Protocols builds upon the protocol arrangement issued by the same organisations in September 2013 by outlining objectives for each of the following interactions between IOSCO and the IFRS Foundation:

  • Strategic discussions — Discussion of broad financial reporting issues between the leadership of IOSCO and the IFRS Foundation;
  • Development of IFRS Standards — Sharing of information and active contribution from IOSCO to the standard-setting process; and
  • Implementation of IFRS Standards — Sharing information to support both parties in their work in the application of IFRS Standards on a globally consistent basis.

For more information, see the press release and Statement of Protocols on the IASB's website.

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