Diplock keeps the chair

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Monday, June 12th 2006, 6:07AM

The Chairman of the Securities Commission, Jane Diplock, has been re-elected chairman of the International Organisation of Securities Commissions IOSCO).

She was first elected chair in May 2004 for a two year term.

IOSCO has a membership of more than 100 jurisdictions around the world. Its members regulate more than 90% of the world’s securities markets.

IOSCO has recently adopted a new strategic direction. This focuses on raising standards of securities regulation world wide and promoting IOSCO’s Multi-lateral Memorandum of Understanding. The latter enables signatories to exchange information to enforce securities law and combat international fraud.

Diplock will continue to chair the New Zealand Commission during her further two year term as IOSCO chairman.

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