Which of the following statement s is are correct with respect to International Organization of Secu...........

Economic Affairs Financial Institutions

Which of the following statement/s is/are correct with respect to International Organization of Securities Commissions (IOSCO)?

It is intergovernmental organization that works closely with G7 nations.
It brings the world's securities regulators together, and acts as a global standard setter for the securities sector.

1 only

2 only

Both

None

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Explanation:

Recently International Financial Services Centres Authority (IFSCA) has become an Associate Member of the International Organization of Securities Commissions (IOSCO).

International Organization of Securities Commissions (IOSCO)

The IOSCO is the international organization that brings together the world's securities regulators, covering more than 95% of the world’s securities markets.
It is the global standard setter for the securities sector, which is HQ in Madrid, Spain.
IOSCO works closely with the G20 and the Financial Stability Board (FSB) in setting up the standards for strengthening the securities markets.

Hence only statement 2nd is correct.