On May 15, 2025, the Securities and Futures Commission ("SFC") led Asia-Pacific securities regulators to agree on closer collaboration to combat online investment scams at the IOSCO Annual Meeting in Doha, Qatar.
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On May 15, 2025, the Securities and Futures Commission ("SFC"), under the leadership of its Chief Executive Officer ("CEO") Ms. Julia Leung, guided Asia-Pacific securities regulators towards a consensus on enhancing collaboration to combat online investment scams at the 50th International Organization of Securities Commissions ("IOSCO") Annual Meeting in Doha, Qatar.
Chaired by Ms. Leung, the IOSCO Asia-Pacific Regional Committee ("APRC") convened to assess emerging trends and risks in the region’s capital markets, particularly focusing on the proliferation of deepfake-driven online investment scams and the rising influence of finfluencers.
Speaking as the APRC's representative, Ms. Leung highlighted regional initiatives aimed at fostering closer cooperation during the Presidents Committee meeting. She also participated in the IOSCO-OECD roundtable, reaffirming the Asia-Pacific region's commitment to combating online scams collectively.
In an era of trade and geopolitical uncertainties, capital market regulators have been collaborating across borders to share market intelligence, combat cross-border crimes, and develop international standards to fortify investors' trust in the markets. Ms. Leung emphasized this collaborative approach.
Ms. Christina Choi, Executive Director of Investment Products and Chair of the IOSCO Committee on Investment Management, was part of the SFC delegation and discussed Navigating Private Finance at a panel session. She shared insights on key risks and regulatory challenges related to growing retail investment in private markets and assets, and the work of IOSCO in addressing these issues.
The IOSCO Annual Meeting also provided the SFC with an opportunity to strengthen its engagement with overseas regulatory counterparts. As part of this effort, the SFC signed Memoranda of Understanding with the Financial Services Regulatory Authority of Abu Dhabi Global Market, the Central Bank of Ireland, and the Ontario Securities Commission of Canada, facilitating cross-border collaboration and market access.
The SFC delegation conducted bilateral meetings with regulatory counterparts and engaged with a wide array of industry representatives from diverse regions, including the Middle East, Asia Pacific, Europe, North America, and Africa.
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