Which of the following statements about the International Organization of Securities Commissions (IOSCO) s TRUE?

The International Organization of Securities Commissions (IOSCO) is the principal international cooperative forum for securities regulatory agencies. Its primary objective is to establish and promote adherence to high standards of regulation to protect investors, maintain fair and efficient markets, and address systemic risks. The G20 and the Financial Stability Board (FSB) officially recognize IOSCO as the global standard-setter for securities markets. Its standards, known as the IOSCO Principles, serve as the international benchmark for securities regulation.

A. IOSCO's members are national securities regulatory bodies, not companies. It is an association of regulators, not a self-regulatory organization (SRO) for publicly traded corporations.
B. IOSCO's mandate is focused on securities markets. The primary international forum for cooperation on banking supervisory matters is the Basel Committee on Banking Supervision (BCBS).
C. IOSCO is a standard-setting and cooperative body, not a supranational regulator. It lacks the authority to issue or enforce regulations directly; this power remains with the national authorities of its member jurisdictions.

1. International Organization of Securities Commissions (IOSCO). About IOSCO. "The International Organization of Securities Commissions (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 recognized standards for securities regulation." Retrieved from https://www.iosco.org/about/

2. Financial Stability Board (FSB). Standard-Setting Bodies. The FSB lists IOSCO as the international standard-setting body for the securities sector, alongside the Basel Committee on Banking Supervision (BCBS) for banking and the International Association of Insurance Supervisors (IAIS) for insurance. Retrieved from https://www.fsb.org/about/standard-setting-bodies/

3. Tafara, E., & Peterson, C. (2007). A Blueprint for Cross-Border Access to U.S. Investors: A New International Framework. Harvard International Law Journal, 48(1), p. 35. "IOSCO is the principal international cooperative forum for securities regulatory agencies... IOSCO has established a set of thirty principles (the 'IOSCO Principles') that are recognized as the international benchmark for securities regulation." Available at https://heinonline.org/HOL/LandingPage?handle=hein.journals/hilj48&div=4

4. Verdier, P. (2013). The Political Economy of International Financial Regulation. Indiana University Press, p. 56. "IOSCO is the primary international standard setter for securities regulation... However, IOSCO has no formal authority to bind its members, and its standards are not legally binding under international law. Instead, it relies on consensus, peer pressure, and other informal mechanisms to promote their implementation."