The Board of the International Organization of Securities Commissions ("IOSCO") issued guidance intended to "increase the consistency and quality" of the reporting by benchmark administrators on their compliance with IOSCO's Principles for Financial Benchmarks, published in July 2013.
The IOSCO guidance sets out the level of detail that administrators are expected to include in their statements, as a means for readers to understand the extent to which IOSCO's Principles have been implemented.
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