In the document, ICSA first, endorses Canada's proposed Uniform Securities Transfer Act (USTA); second, voices support for the work of the International Alliance for Investor Education (IAIE); and, third, encourages regulators and self-regulators to adopt structured consultation practices in line with the principles and best practices contained in ICSA's Statement on Regulatory and Self-Regulatory Consultation Practices. At the meeting, members also discussed how to deter the use of corporate, trust, and other non-individual accounts to conceal insider trading, market manipulation, money laundering, and other improper activities.
ICSA is composed of 16 international members who represent and/or regulate the industry in 12 jurisdictions. For a copy of the communiqué, contact jchristian@sia.com. For more information about ICSA, go to http://www.icsa.bz/.
