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Belize FSC Ascends to Associate Membership with IOSCO, Strengthening Global Financial Standards

The Belize Financial Services Commission (FSC) has secured its status as an associate member of the International Organization of Securities Commissions (IOSCO), effective May 20, 2024. This development underscores Belize's commitment to harmonizing its regulatory framework with global standards and fostering international cooperation in the financial services sector.

IOSCO stands at the forefront of global securities regulation, serving as a platform for securities regulators worldwide. Renowned as the standard setter for securities regulation, IOSCO plays a pivotal role in devising, implementing, and advocating for internationally recognized standards in securities regulation. By aligning with IOSCO, the Belize FSC aims to uphold these standards, fortifying investor confidence and upholding market integrity within Belize's financial system.

Expressing enthusiasm for this milestone, Claude Haylock, Director General and Deputy Chairman of the FSC, remarked, "We are thrilled to attain associate membership with IOSCO. This affiliation will facilitate closer collaboration with regulatory bodies worldwide, enabling us to exchange invaluable insights and further refine our regulatory landscape in line with global benchmarks."

The Belize FSC anticipates an active engagement with IOSCO's initiatives, underscoring its dedication to bolstering securities markets on a global scale. This move accentuates Belize's commitment to international financial standards but also signals its proactive stance in enhancing regulatory frameworks to adapt to evolving market dynamics.

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