Financial Markets Standards Board (FMSB) has renewed its Consultation Agreement with the Australian Securities and Investments Commission (ASIC).
ASIC and FMSB first signed a joint Agreement in September 2022 reflecting the two organisations’ strong shared interests in promoting global standards for fair and effective wholesale financial markets. This was extended for two years in September 2024. The latest three-year extension runs until September 2029 and reflects the continued shared interests and beneficial collaboration between FMSB and ASIC.
Access the Consultation Agreement and letter regarding the three-year extension
Read ASIC’s announcement
Notes to editors
The Australian Securities and Investments Commission (ASIC) is a regulatory and law enforcement agency for corporate, financial services, markets and consumer credit laws, and has a range of roles, including the function of monitoring and promoting market integrity and consumer protection in relation to the Australian financial system.
Financial Markets Standards Board (FMSB) is an industry-led, member-funded global standards body for the wholesale financial markets.
FMSB has agreements with six regulators and public authorities globally, reflecting its role in fostering cooperation between industry and public authorities on standards of market conduct.
Created out of the Fair and Effective Markets Review (FEMR) in 2015, FMSB brings together its Members from banks, investment institutions, infrastructure and information providers, corporates, data services providers, pension funds and interdealer brokers, to develop Standards, Statements of Good Practice and Spotlight Reviews that raise standards of behaviour, competence and awareness – to promote the fairness and effectiveness of global wholesale financial markets.
As well as standard setting, subject matter experts from member firms debate issues in working groups and are able to benchmark their approaches against industry peers, thus helping to lift standards of conduct.
FMSB’s full membership list is here
Notes to editors
About FMSB:
- Financial Markets Standards Board (FMSB) is an industry-led, member-funded global standards body for the wholesale financial markets.
- Created out of the Fair and Effective Markets Review (FEMR) in 2015, FMSB brings together its Members from banks, investment institutions, infrastructure and information providers, corporates, pension funds and interdealer brokers, to develop Standards, Statements of Good Practice and Spotlight Reviews that raise standards of behaviour, competence and awareness – to promote the fairness and effectiveness of global wholesale financial markets.
- As well as standard setting, subject matter experts from member firms debate issues in working groups and are able to benchmark their approaches against industry peers, thus helping to lift standards of conduct.
- FMSB’s full membership list is here