Response to the IOSCO Consultation on the Revised Principles for the Regulation and Supervision of Commodity Derivatives Markets

The IOSCO Review of the 2011 Principles applicable to commodity derivatives markets is very timely. It correctly reflects the main developments and trends in these markets and will help absorb potential novel and disruptive shocks, taking into account the lessons learnt from the Covid-19 pandemic.

The revised Principles consider the main aspects and address all areas where further guidance was needed. We would encourage the relevant Market Authority or Authorities to take into account these revised Principles when exercising their regulatory and supervisory responsibilities.