<P> The IOSCO MOUs are considered the primary instruments to facilitate crossborder cooperation, reduce global systemic risk, protect investors, and ensure fair and efficient securities markets . </P> <P> Additionally, IOSCO is a member of, participates as an observer in, or coordinates with a number of other international organisations, including the OECD, FSB, Financial Action Task Force on Money Laundering, IASB, PIOB, IMF, World Bank, and European Commission . </P> <P> IOSCO adopted in 1998 a comprehensive set of Objectives and Principles of Securities Regulation (IOSCO Principles). These continue to be developed and expanded . IOSCO recommends all its members to adopt these and helps its members assess the level of compliance with the principles . These include; </P> <Ul> <Li> Regulatory principles designed to improve auditor independence and auditor oversight </Li> <Li> Regulatory principles for corporate financial disclosure and transparency </Li> <Li> Regulatory principles regarding conflicts of interest for financial analysts </Li> <Li> A code of conduct for credit rating agencies </Li> <Li> A set of "core principles" for securities regulation designed to outline for IOSCO members what makes up "good" securities regulation </Li> <Li> A multilateral memorandum of understanding on enforcement co-operation, through which IOSCO members pledge to provide each other with collecting information and witness statements in an enforcement investigation </Li> </Ul>

International organization of securities commission’s multilateral memorandum of understanding