On November 14, 2014, the International Organization of Securities Commissions (“IOSCO”) issued two reports for the G20 Leaders on: (i) the regulation of  MMFs; and (ii) the implementation of incentive alignment recommendations for securitization. The report on the regulation of MMFs sets out IOSCO’s  preliminary findings on the adoption of MMF legislation, regulations and policies, and states that most jurisdictions that took part in the review have or will soon have measures in force to deal with areas subject to reform, including valuation practices and liquidity management. The report on the implementation of incentive alignment recommendations for securitization sets out IOSCO’s preliminary findings on the adoption of legislation, regulations, policies and other measures on incentive alignment for securitizations. IOSCO has found that there has been good progress in the implementation of measures by most jurisdictions that took part in the review.

The reports are available at:

http://www.iosco.org/library/pubdocs/pdf/IOSCOPD463.pdf     

and

http://www.iosco.org/library/pubdocs/pdf/IOSCOPD464.pdf.