国际证监会组织证券监管目标和原则（英文版）.pdfVIP

Principles of Securities Regulation International Organization of Securities Commissions May 2003 A. Principles Relating to the Regulator 1 The responsibilities of the regulator should be clear and objectively stated. 2 The regulator should be operationally independent and accountable in the exercise of its functions and powers 3 The regulator should have adequate powers, proper resources and the capacity to perform its functions and exercise its powers. 4 The regulator should adopt clear and consistent regulatory processes. 5 The staff of the regulator should observe the highest professional standards including appropriate standards of confidentiality. B. Principles for Self-Regulation 6 The regulatory regime should make appropriate use of Self-Regulatory Organizations (SROs) that exercise some direct oversight responsibility for their respective areas of competence, to the extent appropriate to the size and complexity of the markets. 7 SROs should be subject to the oversight of the regulator and should observe standards of fairness and confidentiality when exercising powers and delegated responsibilities. C. Principles for the Enforcement of Securities Regulation 8 The regulator should have comprehensive inspection, investigation and surveillance powers. 9 The regulator should have comprehensive enforcement powers. 10 The regulatory system should ensure an effective and credible use of inspection, investigation, surveillance and enforcement powers and implementation of an effective compliance program. D. Principles for Cooperation in Regulation 11 The regulator should have authority to share both public and non-public information with domestic and foreign