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IOSCO revised in 2023 its 2011 Principles for the Regulation and Supervision of Commodity Derivatives Markets. The 24 revised Principles seek to support the physical commodity derivatives markets in providing their fundamental price discovery and hedging functions, while operating free from manipulation and abusive trading schemes. In revising its Principles, IOSCO focused on market surveillance; transparency; price discovery; the correlation with physical markets; addressing disorderly markets; responding to market abuse; and strengthening the enforcement powers of trading venues against end-user behaviours. The revised Principles cover the following areas:

  • Design and review of physical commodity derivatives contracts
  • Data and market transparency
  • Surveillance of commodity derivatives markets
  • Addressing disorderly commodity derivatives markets
  • Enforcement and information sharing
  • Technological developments in commodity derivatives markets
  • Promotion of investor education and awareness