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Monday, October
05, 2020 / 02:47PM / By IOSCO / Header Image Credit: Ecographics
The
International Organization of Securities Commissions (IOSCO) today launched its
fourth annual World Investor Week (WIW) with more organizations participating
in the event than ever before.
During
the event, securities regulators, stock exchanges, international organizations,
investor associations and other stakeholders from some 100 countries will offer
a variety of activities to raise awareness about the importance of investor
education and protection in their own jurisdictions, particularly during the
COVID 19 pandemic.
While
WIW is scheduled from the 5 to 11 October, jurisdictions can choose alternative
weeks in October or November to stage their events, given the logistical issues
and other challenges posed by the pandemic. Many participants have opted to
hold their campaigns in a digital format.
To
present the campaign and assist jurisdictions in organizing online events
during WIW, the IOSCO WIW Working Group hosted two well-attended webinars for
IOSCO members on 5 August and 2 September 2020. Presentations from the webinars
are available online at: http://www.worldinvestorweek.org/resource-list.html.
The
World Federation of Exchange has organized a "Ring the Bell for Financial
Literacy" ceremony. More than 35 Exchanges and CCPs around the world will ring
the bell for financial literacy during the week or offer financial
literacy-related activities in support of World Investor Week. The New Zealand
Exchange (NZX), in partnership with the NZ Financial Markets Authority, kicked
off the event early Monday with the first ringing of the opening bell.
A
key objective of the WIW is to encourage IOSCO members, international
organizations and other relevant parties to coordinate their activities to
promote investor education and protection while also delivering key messages
for all investors to help them make sound investment decisions. Part of this
year's campaign is to warn investors not to be tempted to invest in risky
products by misleading information.
The
WIW key messages for 2020 highlight the basics of investing, including, among
other things, the importance of assessing the impact of fees when choosing an
investment and understanding that all investments entail risks. The WIW will
again stress last year's messages regarding online investing, initial coin
offerings, crypto-assets and ed-Tech issues, such as digital learning and
online education. It will also deliver a new key message about the risk
of investing in these uncertain times caused by COVID-19.
In
2019, securities regulators, stock exchanges, international organizations,
investor associations and other IOSCO stakeholders from 89 jurisdictions
participated in the campaign. IOSCO communicated its key messages from this
event through the press and various online channels, including Facebook (https://www.facebook.com/worldinvestorweek)
and Twitter
(https://twitter.com/IOSCOWIW).
In 2019, the number of social media posts soared 830% from the year before.
Paul
Andrews, IOSCO Secretary General, said, "Every year, WIW attracts growing international
support and new participants, thereby underpinning IOSCO´s steadfast commitment
to investor education and protection. This fourth reiteration of WIW is
particularly relevant, given the impact of COVID 19 on global capital markets
and investor protection."
Jose Alexandre Vasco, Chair of IOSCO's Committee on Retail Investors, said, "It is
encouraging to see that the number of WIW campaign participants continues to
increase, reflecting the growing importance of this event. I would like
to commend the dedication and enthusiasm of the WIW Working Group, and I am
confident that this campaign will contribute to enhancing retail investor
education and protection in member jurisdictions."
The
dedicated campaign website (http://www.worldinvestorweek.org)
provides all relevant resources, including an implementation guide, key
messages, press releases and continuously updated information. It also includes
details about the various participating authorities and the international
organizations supporting this effort.
Related to World Investor Week
1.
NSE Celebrates World Investor Week 2020 - Oct 06, 2020
2. IOSCO Launches its Fourth World Investor Week to enhance
Investor Education and Protection - Oct 05, 2020
3. IOSCO Launches World Investor Week 2019 to
Promote Investor Education and Protection-
Sept 30, 2019
4. IOSCO World Investor Week Gives Impetus to
Investor Education and Protection - Oct
11, 2019
5. IOSCO To Launch 2019 World Investor Week To
Promote Investor Education - Aug 14,
2019
6. World Investor Week 2018: Investor Education and
Protection Top the Agenda for IOSCO and its Members - Oct
08, 2018
7. IOSCO Launches World Investor Week 2018 to
Promote Investor Education and Protection -
Oct 02, 2018
8. The G20 Presidency and International
Organizations Support IOSCO World Investor Week -
Sept 26, 2018
9. FinTech Forward 2018 Supports The Recognition Of
World Investor Week - Sept 11,
2018
10.IOSCO to Launch 2018 World Investor Week to
Promote Investor Education - Jul 25,
2018
11. 2017 World Investor Week: SEC Nigeria holds
Investors Clinic -
Oct 09, 2017
12.SEC Nigeria joins IOSCO, to Celebrate World
Investor Week 2017 - Oct 05,
2017
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