Commodity Trading Rules Targeted by Global Securities Watchdogs

International securities regulators will seek extra regulation for agricultural and other commodities markets, the International Organization of Securities Commissions said in an e-mailed statement.

IOSCO plans to extend its existing work on commodities beyond assessing the transparency and functioning of oil markets, the group of supervisors said.

“Other markets including agricultural markets are crucial for our economies,” IOSCO said. The “expanded focus” is “likely to lead to proposals to improve market transparency, oversight and anti market-abuse treatment for these commodities markets where necessary.”

France has made the regulation of commodities markets one of the priorities for its presidency of the Group of 20 nations in 2011. European Union finance ministers on April 9 approved recommendations for stricter oversight of commodity-derivatives trading following concerns that speculation is driving up prices for raw materials.

IOSCO, based in Madrid, brings together securities regulators to set international standards for supervision of financial markets. Its members include the U.K. Financial Services Authority and the U.S. Securities and Exchange Commission.

To contact the reporters on this story: Jim Brunsden in Brussels at

To contact the editor responsible for this story: Anthony Aarons at


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