The technical committee of the International Organization of Securities Commissions (Iosco) has finalized dark liquidity principles. The committee has released a final report, Principles on Dark Liquidity, comprising principles to assist securities markets authorities in dealing with issues concerning dark liquidity.
The principles will guide regulators, venues and general users of dark liquidity regarding transparency to market participants and issuers, priority of transparent orders, reporting to regulators, information available to market participants about dark pools and dark orders as well as regulation of the development of dark pools and dark orders. Iosco aims to review the principles for market and regulatory developments.
Click here for the release from International Organization of Securities Commissions.