On 25 November 2024, the International Organization of Securities Commissions (IOSCO) published a report on its targeted implementation review of five of its “Principles for the Regulation and Supervision of Commodity Derivatives Markets”.

The five principles selected for review (Principles 9, 12, 14, 15, and 16) aim to address excessive commodity market volatility, over-the-counter (OTC) derivatives transparency and orderly functioning of the commodity derivatives markets.

The report sets out IOSCO’s recommendations for improving the implementation of specific elements of these five principles, with the aim of helping IOSCO members to enhance the resilience of their markets and confirms IOSCO’s intention to conduct further work in the OTC markets area.