Regulatory Cooperation

Regulatory Cooperation

The International Financial Services Centres Authority (IFSCA) actively collaborates with a wide range of national and international organizations, including regulatory authorities, associations, think tanks, and educational institutions. This engagement is facilitated through various tools and mechanisms, such as Memoranda of Understanding (MoUs), to foster ongoing multilateral and bilateral partnerships.

1. International Organisation of Securities Commissions (IOSCO)

IOSCO is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for financial markets regulation. For more details, visit the IOSCO website.

IFSCA is an associate member of IOSCO.

i. IOSCO MMoU

IFSCA signed the IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (“IOSCO MMoU”) on August 03, 2022. Under the IOSCO MMoU, IFSCA can exchange information with securities market regulators across the world, with 130 signatories as of March 31, 2025.

ii. IOSCO EMMoU

In the wake of increased interconnectedness of financial markets and technological advancements that have changed the way the securities and derivatives industry operates, IOSCO established an Enhanced Multilateral Memorandum of Understanding (“IOSCO EMMoU”) in 2016 to enhance cooperation and information sharing between securities regulators.

IFSCA signed the Enhanced Multilateral Memorandum of Understanding of IOSCO on May 16, 2024.

2. International Association of Insurance Supervisors (IAIS)

IAIS is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions, constituting 97% of the world’s insurance premiums. It is the global standard-setting body responsible for developing and assisting in the implementation of principles, standards and guidance, as well as supporting material for the supervision of the insurance sector. For more details, visit the IAIS website.

IAIS MMoU

IFSCA became a signatory to the Multilateral Memorandum of Understanding (MMoU) of the International Association of Insurance Supervisors (IAIS) on 10 November 2022. The IAIS MMoU is an important framework for facilitating cooperation and the exchange of information among insurance regulatory and supervisory authorities, thereby contributing to safer and more stable insurance markets globally. By becoming a signatory to the IAIS MMoU, IFSCA joined the global network of participating insurance supervisors, enabling enhanced regulatory cooperation and information exchange with ninety-one (91) insurance regulatory and supervisory authorities worldwide, as of 31 March 2026.

3. International Organisation of Pension Supervisors (IOPS)

IOPS is an international body dedicated to promoting the effective supervision of private and funded pension systems. It provides a global forum for pension supervisors to exchange information, experiences and best practices, and contribute to the development of sound supervisory frameworks for pension systems. For more details, visit the IOPS website.

IOPS Governing Membership

IFSCA was granted Governing Membership of the International Organisation of Pension Supervisors (IOPS) on 17 February 2025 by the IOPS Executive Committee. Governing Membership is accorded to regulatory authorities responsible for the supervision of pension funds and schemes. IFSCA’s Governing Membership enables it to participate in the international pension supervisory community and facilitates engagement and knowledge-sharing with pension supervisory authorities globally, supporting the development of robust and internationally aligned pension supervision practices in the International Financial Services Centre.

4. Bilateral MoUs/EoLs

IFSCA has signed bilateral MoUs/EoLs with the following regulators:

Contact

For IOSCO MMoU/EMMoU-related requests only:
ifsca[dot]ioscommou[at]ifsca[dot]gov[dot]in