03
Mar
2023

UK trade body for investment management joins IOSCO

The Investment Association (IA), the UK’s trade body for the investment management industry which represents 250 members managing £10 trillion assets under management, has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member. IOSCO is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector. IOSCO develops, implements and promotes adherence to internationally recognised standards for securities regulation. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.

Chris Cummings, Chief Executive of the IA said:

“We are proud to become an affiliate member of IOSCO. Recognising the international dimension of our industry, our members have a strong interest in the development of coherent global standards and open, fair, and efficient markets.

"A close and collaborative relationship between IOSCO and industry is essential in achieving these goals. Representing one of the world’s largest investment management centres, we look forward to playing an active role in support of its work on financial stability, fund liquidity, systemic risk, and sustainability this year.”

 

For further information, please contact:

Helen Ayres, Head of Communications: [email protected]

T: +44 (0)20 7269 4620

Arianna Schardt, Communications Executive: [email protected]

T: +44 (0)20 7269 4625

IA press office: [email protected]

T: 020 7269 4696

About the Investment Association (IA):

  • The IA champions UK investment management, supporting British savers, investors and businesses. Our 270 members manage £9.4 trillion of assets and the investment management industry supports 114,000 jobs across the UK.
  • Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
  • Our purpose is to ensure investment managers are in the best possible position to:
    • Build people’s resilience to financial adversity
    • Help people achieve their financial aspirations
    • Enable people to maintain a decent standard of living as they grow older
    • Contribute to economic growth through the efficient allocation of capital.
  • The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
  • The UK is the second largest investment management centre in the world, after the US and manages over a third (37%) of all assets managed in Europe.

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